AI fraud adds new urgency to personal cyber risk
This dynamic comes as personal cyber insurance has becoming more accessible than ever. Ott said standalone policies are easy to obtain, and insureds can add coverage onto most homeowners insurance policies by endorsement. In many cases, clients can secure $50,000 or $100,000 of coverage, while some carriers may offer up to $1 million by endorsement, depending on the policy and client profile. Despite that availability, adoption remains low.
