Identity theft cases are estimated to be 700,000 people each year, an alarming number where each will spend an average of $1000.00 for the damage. Imagine the disaster if each of these people will spend 3 days clearing themselves instead of personally earning. It only means how menace the crime is killing an economy while creating a long-term struggle of recovery. Identity theft happens when someone you do not know begins using your personal information for fraud and other crimes without your knowledge. Criminals can get it in a variety of ways. They can steal your personal information form your credit records. They can also get it from your credit and bank statements that come by mail. Results worsen, with the complete extracted information taken by this operator, if crime has intensified, against the stolen credentials, he could turn you over to authorities, put you into a pitiful scenario on a very long-termed redemption to financial recovery. With millions of websites worldwide, it s hard to trace the actual culprit. In some cases, criminals reportedly have used computer technology to obtain large amounts of personal data. If you have received mailed in applications for "preapproved" credit cards, but have thrown them in the garbage can without tearing up the enclosed materials, criminals may retrieve them from the trash and activate them without your knowledge. Or more recently, there was yet another Hollywood offering that shows a regular family man's ideal home and family turned into a suspense-filled arena for a bank heist because of sensitive information gathered from the family trash? Although, as the disclaimer at the end of these films say, these stories are fictitious, there is indeed cause for alarm for things like these happening to you. Some companies include these kinds of insurance as part of their homeowners insurance policies while others sell them as stand alone policies or as an endorsementa to a homeowners or renters insurance policies. On average, these policies cost between $25 and $50 for $15,000 to $25,000 worth of coverage.