- Elementary Insurance Primer
- Replacement Value
- Homeowner's Insurance Forms
- Other Insurance Issues
- Standard Policy Exclusions
- Getting an Appraisal
- Comparison Insurance Shopping
It is quite common for two policies with equivalent coverage to vary in cost by several hundred dollars. Do a little shopping and save.
- See if a package plan will save you money. Perhaps you can insure your automobile with the same company.
- Get comparison quotes from three to four different agents.
- If an agent handles more than one company, get quotes from several different companies.
- Watch key points within each competing policy:
- The deductible. Don't go lower than $250.
- Your limits. See if you can increase your liability limits from $100,000 to $300,000.
- How much will a floater cost if you need one?
- Make sure the cheaper policy doesn't cover cash coverage versus replacement cost.
- Select a company rated AA+ by Standard and Poor's or A+ by A.M. Best, the two independent insurance rating agencies. Your agent can give you this information.
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:
| Not NCUA Insuredor Any Other Government Agency | No Credit Union Guarantee | Not Credit Union Deposits | May Lose Value |
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: NJ, PA, NY, DE, AZ, MI, FL, MD, TX, VA, GA, NC.
Financial Learning Center content created by TrueBridge, Inc. The information provided is based upon sources and data believed to be accurate and reliable. The content contained herein is intended for information and illustrative purposes only, should not in any way be construed as a personal recommendation, and should be used in conjunction with individual professional advice.
