Method and apparatus for insuring an insured from identity theft peril and identity reclamation and credit restoration
First Claim
1. A method of insuring an insured for identity theft peril comprising the steps of:
- (a) submitting a claim of identity theft by an insured to an insurer;
(b) investigate the claim of the identity theft to verify the identity theft;
(c) in response to the identity theft being verified, performing an identity reclamation and credit restoration process; and
(d) in response to the identity theft being verified, identifying monetary loss by the insured; and
, (e) dispersing the insurance benefit having a value proportional to the monetary loss.
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Accused Products
Abstract
A method of insuring an insured for identity theft peril. The method includes submitting a claim of identity theft by an insured to an insurer. Thereafter, the method includes the step of investigating the claim of the identity theft peril to verify the identity theft peril. In response to the identity theft being verified, the method includes performing an identity reclamation and a credit restoration process. Further, in response to the identity theft being verified, identifying monetary loss by the insured. Thereafter, dispersing the insurance benefit having a value proportional to the monetary loss. The present invention includes a method for identity reclamation and credit restoration which includes the establishment of a variety of databases having form letter shells for a population of credit bureaus, a population of credit card issuers, a population of financial banking institutions, and a population of utility companies, retailers and other specialty merchants.
220 Citations
43 Claims
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1. A method of insuring an insured for identity theft peril comprising the steps of:
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(a) submitting a claim of identity theft by an insured to an insurer;
(b) investigate the claim of the identity theft to verify the identity theft;
(c) in response to the identity theft being verified, performing an identity reclamation and credit restoration process; and
(d) in response to the identity theft being verified, identifying monetary loss by the insured; and
,(e) dispersing the insurance benefit having a value proportional to the monetary loss. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A method of identity reclamation and credit restoration comprising the steps of:
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(a) populating storage media with form letter shells and addresses for a population of law enforcement agencies, a population of credit reporting bureaus, a population of credit card issuers, and a population of financial banking institutions;
(b) populating storage media with identity data representative of an identity of a person;
(c) determining an incident of identity theft of said person;
(d) in response to step (c), accessing the storage media and retrieving a respective form letter shell and address;
(e) automatically populating the respective form letter shell with the address and with at least part of the identity data to form an incident letter; and
,(f) communicating the incident letter to the address to reclaim the identity and restore the credit of the person. - View Dependent Claims (23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. The method of CLAIM I, wherein the step (d) includes the steps of:
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identity established credit card accounts by imposter;
canceling the established credit card accounts. - View Dependent Claims (35, 36, 37, 38, 40, 41)
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34. A method of identity reclamation and credit restoration through an Identity/Credit Interested Agency (“
- ICIA”
) database for comprising the steps of;
(a) populating an ICIA database with the required information for a plurality of ICIAs.
- ICIA”
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39. An apparatus for identity reclamation and credit restoration comprising:
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a creditor database having the type and form of information required by an Identity/Credit Interested Agency (“
ICIA”
) to assist in identity reclamation and credit restoration;
a computer system having;
an obtaining software code capable of obtaining a list of creditors related to an identity theft incident, an ICIA parsing software code capable of parsing said creditor database with said list of creditors and obtaining an action item list having the type and form of required information for said identity theft incident, and a providing software code for providing said action item list.
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42. A computer readable medium capable of performing the steps of:
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(a) populating an Identity/Credit Interested Agency (“
ICIA”
) database having the type and form of information required by the ICIA to assist in identity reclamation and credit restoration;
(b) obtaining a list of ICIAs related to an identity theft incident;
(c) parsing said ICIA with said list of ICIAs and obtaining an action item list having the type and form of required information for said identity theft incident. - View Dependent Claims (43)
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Specification