Identity theft poses significant risks to individuals in the United States, as it can lead to financial loss, damage to credit scores, and the stressful process of reclaiming one’s identity. In 2022 alone, over 1.4 million reports of identity theft were filed, according to the Federal Trade Commission, with consumers losing a total of nearly $6 billion. Thieves often use stolen personal information to open fraudulent accounts, make unauthorized purchases, or even commit crimes in someone else's name, resulting in long-term repercussions for victims. Identity theft insurance is a prudent investment, as it provides financial protection against losses incurred from identity theft, covers legal expenses, and offers resources for recovering stolen identities. This type of insurance can give individuals peace of mind, knowing they have support and protection against the potentially devastating effects of identity theft.