Program Benefits
In this
era of internet-connected devices, technology has made our lives easier, but we
have also become more vulnerable to cyberattacks and fraud. With a NetGuard®
SELECT policy, you can feel protected.
NetGuard®
SELECT provides coverage for a wide range of cyber threats, including:
Breach
Event Costs and Security and Privacy Liability
If you
have access to the private information of others because you serve on the board
of a non-profit or volunteer to coach your child’s sport team, you may face
unexpected financial losses if that private information is lost, stolen or
exposed while in your possession. With NetGuard® SELECT, you
have breach event costs coverage,
which pays for your costs to notify affected individuals and give them breach
support, such as credit monitoring, when private information you are holding or
using is lost, stolen or exposed. NetGuard® SELECT also protects you
with security and privacy
liability coverage, in case you need a defense against claims
made against you by those affected individuals. Security and privacy liability coverage
also covers settlements and judgments awarded against you in privacy and
security claims.
Identity
Theft Expenses
Your
personal identity can be stolen and used by hackers to open new lines of credit
or commit health insurance fraud. If you become a victim of identity theft,
NetGuard® SELECT will cover your identity theft expenses,
including the costs to request your credit report and enroll in credit
monitoring. We also cover your legal expenses if you hire an attorney to help
you restore your identity and credit.
In
addition, our partner, IDX, will provide you with the care and assistance you
need if/when your identity is stolen. Once you become a policyholder, you will
have access to all of the identity theft tools and resources that IDX has to
offer. Log onto www.idx.us/tmhcc to
activate your services.
Data
Recovery Costs
If data
stored on a computer or smart device in your home is damaged or stolen due to a
system failure, NetGuard® SELECT will cover your costs to replace,
recreate or restore that data.
Cyber
Extortion and Cyber Crime
Ransomware
and cyber crime attacks are on the rise. If you or a member of your household
clicks on the wrong link, inadvertently navigates infected web pages, or is
tricked into opening infected files by malicious text messages or emails, you
may become the victim of ransomware. Ransomware is a type of cyber extortion event where
a hacker locks up your system or files and demands a ransom payment to regain
access. If this happens to you, NetGuard® SELECT will cover the
ransom amount and the cost of hiring an IT expert to help you through the
crisis. Criminals can also steal your money through a variety of cyber crime
schemes, such as stealing your passwords or personal credentials to take money
directly from your bank account or to submit fraudulent wire transfer requests
to your bank. You can also become a victim of phishing scams, where criminals
use malicious emails, text messages or telephone calls to trick you into
sharing your passwords or sending money. If you lose money due to any of these
scams and you are not able to recover it from your credit card company or bank,
NetGuard® SELECT will cover the loss.
Cyber
Bullying
If you or
a member of your household is a victim of cyber bullying, NetGuard®
SELECT will cover your therapy fees, childcare or caregiver expenses, temporary
relocation expenses, and the cost of hiring an IT expert to remove humiliating
or harmful online content. If the victim of cyber bullying is a minor who is
unable to attend school, NetGuard® SELECT also covers temporary
private tutoring expenses, unreimbursed tuition or the increase in tuition to
relocate the minor to another school.
This
communication provides a general product summary and should not be construed as
a guarantee of coverage. Any claim scenarios described in this communication
are hypothetical and used solely for the purpose of illustrating how the
insurance is intended to apply to certain situations. Whether, or to what
extent, the insurance applies to a particular claim or loss depends on the
circumstances of the claim or loss and the terms and conditions of the policy,
as issued.