AOL is offering free insurance coverage for identity theft and computer damage. The insurance coverage is offered through American International Group Inc. and the policy will provide up to $10,000 that will help restore identity and credit. Policy covers up to $2,000 for lost wages and it will cover cost for rejected loan applications, legal fees, credit reports. A separate AIG policy will cover up to $1000 for computers that require repair or physical damange. The policy will not cover any money that is lost through a scam. The insurance coverage is only limited to subscribers for the $26 a month unlimited access plan.