IF YOU THINK IT WILL ALL BE COVERED BY INSURANCE, THINK AGAIN.
Some insurance companies do provide insurance for identity theft, however it is often limited to the reimbursement of legal fees incurred in defending actions brought against the cardholder for non repayment of loans and the like. In many cases, the insurance does not cover the amount of the loan itself.
Similarly credit card companies will promptly refund monies illegally obtained from credit cards, but NOT from loans illegally made in your name. And that is only part of the pain associated with identity theft. In some cases it can take years to repair the damage done to a person’s credit status, thus causing significant stress and inconvenience. Don’t let it happen to you.
You wouldn’t dare be without virus protection for your PC, so why leave your valuable cards unprotected?