How does cyber insurance cover losses from identity theft?

Cyber insurance policies typically have coverage for identity theft-related losses, which can include expenses related to restoring an individual’s identity, legal fees, credit monitoring, and other related costs. However, coverage details can vary widely between insurance providers, so it’s important to carefully review the terms and limitations of your specific policy regarding identity theft coverage. Some limitations of this coverage may include restrictions on the types of expenses that are reimbursed, certain exclusions related to specific circumstances or types of identity theft, and limitations on the maximum amount of coverage available for identity theft-related losses. It’s crucial to thoroughly understand your cyber insurance policy to know exactly what is and isn’t covered in the event of identity theft.