Question 1

Doesn't the homeowners policy already include identity theft?

Accepted Answer

Most homeowners forms include a small identity-theft restoration sublimit — typically $25,000–$50,000 — covering case management but not cyber extortion, wire fraud, deepfake exposure, or reputational restoration. A standalone personal cyber policy is purpose-built for those exposures.

Question 2

Does it cover a wire-fraud loss when the founder authorizes the transfer?

Accepted Answer

Personal cyber typically responds to social-engineering wire fraud where the principal was deceived into authorizing the transfer — this is the single most common loss pattern for high-profile principals. Coverage applies subject to documentation, sanctions screening, and the policy's social-engineering sublimit.

Question 3

What about deepfake or AI-generated impersonation of the principal?

Accepted Answer

Most modern personal cyber forms include coverage for AI-generated impersonation, deepfake extortion, and synthetic-media attacks against the principal or family. We confirm the language is current — older forms may not contemplate AI-driven incidents.

Question 4

Does it coordinate with the founder's commercial cyber policy?

Accepted Answer

Yes — the personal cyber policy responds to incidents targeting the principal, the household, or family members directly. The commercial cyber policy responds to incidents against the company. We map the boundary so a wire-fraud or ransomware event is covered by exactly one policy, not orphaned between the two.

Personal Cyber & Identity Theft Coverage.