It's a scary figure: 10 to 15 million Americans have their identity stolen each year. So it may seem like a no-brainer to take out a $50-a-year policy to cover your costs if you're a victim. But know what you're buying first. This coverage doesn't pay back the money a thief takes from your bank account. It merely reimburses you for the expenses you incur in restoring your identity, such as phone calls, copying fees, and lost wages (in case you need to take time off from work to clear your good name). Many of these policies also exclude lawyers' fees, says Adam Levin, chairman of Identity Theft 911, a fraud-solutions company based in Scottsdale, Arizona. Plus, it's possible that your homeowners' policy already includes identity-theft protection.