Identity theft coverage is essential in protecting yourself from financial loss due to fraudulent activity. This coverage not only includes expenses for notarizing fraud affidavits and certified mail, but also covers lost income from taking time off work to meet with authorities or credit agencies. Additionally, it can cover fees for reapplying for loans and legal fees for defending against lawsuits or removing criminal or civil judgments. This coverage is crucial in safeguarding your finances and should be carefully considered when selecting a insurance plan.