- Elementary Insurance Primer
- Replacement Value
- Homeowner's Insurance Forms
- Other Insurance Issues
- Standard Policy Exclusions
- Getting an Appraisal
- Comparison Insurance Shopping
In order to qualify for a floater policy on new valuables, you must have very recent sales receipts or get professional appraisals of the items you will be insuring. Older valuables may need updated appraisals. Use a generalist if you need the entire contents of your home appraised, a specialist if you own jewelry, silverware, antiques, art work, etc. Find out in advance if you'll be charged a flat fee or by the hour.
To cut costs, organize valuables in advance. Make sure they are clean, accompanied by sales receipts when available, and placed on a table. Explain to the appraiser that the appraisal is being done for insurance and not tax purposes (it makes a difference). Ask the appraiser to note the condition, age, size, and value of the objects.
For the name of several appraisers in your area, call the American Society of Appraisers at 1-800-272-8258 or visit their Web site at www.appraisers.org.
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Franklin Mint Federal Credit Union and Mint Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Mint Wealth Advisors, and may also be employees of Franklin Mint Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Franklin Mint Federal Credit Union or Mint Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
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