What is identity theft insurance and do I need it in Georgia?

Identity theft restoration coverage pays for professional assistance to restore your credit after a theft event: legal fees, notarization, lost wages for time off work to resolve the theft, and credit monitoring. It does not reimburse direct financial losses from theft. Most homeowners policies offer identity theft endorsements at $25 to $50 per year. Given the volume of data breaches affecting Georgia residents, this coverage has moved from specialty to practical.