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Originally Posted by magyar1045
Personally I think that all these insurance "offers" for ID theft protection are just money making deals for insurance companies. They got whacked just after Katrina, and other natural disaster events.
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I really don't see much upside in these services either. I understand why people would do the ID theft offers but the one that really puzzles me is that so called payment protection plans where they charge around 1% of all your charges you make. They claim if you become unemployed they'll make the minimum payments for you for a short time like 3 months or something. Then if you die they'll wipe your balance up to $10,000. That flimsy protection isn't warranted by that heavy of fees.