Hi and thanks for taking the time to review my question. I did try using Google with various keywords, however I was unable to find an answer.
My question is: Does the FDIC cover money which is withdrawn from either a bank savings account or bank checking account, if the money was withdrawn as a result of identity theft, assuming the bank is FDIC insured? In-other-words, if somebody was able to remove money from your account without your knowledge.
I am not a victim of this, however the question did come up during a discussion about identity theft issues and i presented the argument that I think we are still insured.
PS- On a side note, if anybody knows, would any type of standard home owner's insurance come into play either?