[vsjhoc]

IMHO, I don't think it's worth it. What is the insurance supposed to do for you?

1. Cover any liability you have from fraudulent charges? You don't need this if you report the loss as soon as you discover it. Most major cards (Visa, MC, Disco) now have a zero liability policy.

2. File paperwork for you? You still have to give them all the information about your creditors, etc. So you have to dig up all the info in order to give it to the insurance company. And they can't file a police report for you; that's up to you.

3. Call all the credit bureaus and lodge a fraud alert? You can do this with one phone call, because one bureau is supposed to tell the other two (but of course they don't always comply).

4. Cover your loss from the time spent clearing up the mess? Very difficult to show you suffered quantifiable damage. You can't really justify taking an unpaid day off work to make a few phone calls.

I think you end up spending just as much time working w/the insurance company and checking that they are doing what they are supposed to do, than if you handled it yourself. Save your money, IMHO.