wanaberetiree
Full time employment: Posting here.
- Joined
- Apr 20, 2010
- Messages
- 718
Is it worth consideration/concern an amount of insurance coverage by a brokerage company, Vanguard or Schwab for example?
What people think about an idea to centralize all accounts in one place, but total maybe ~1.5 M?
Here is a VG language on this topic:
"SIPC protects securities customers of its members up to $500,000 including $250,000 for claims for cash. To obtain information about SIPC, including an explanatory SIPC brochure, please contact SIPC at
SIPC - Securities Investor Protection Corporation or 202-371-8300.
To offer greater protection and security, Vanguard Marketing Corporation has secured additional coverage from certain insurers at Lloyd's of London
and London Company Insurer(s) for eligible customers with an aggregate limit of $250 million, incorporating a customer limit of $49.5 million for
securities and $1.9 million for cash. Coverage provided by SIPC and certain Lloyd's of London and London Company Insurer(s) does not protect against loss of market value of securities. The policy provided by certain Lloyd's of London and London Company Insurer(s) is subject to its own terms and conditions."
Regards
What people think about an idea to centralize all accounts in one place, but total maybe ~1.5 M?
Here is a VG language on this topic:
"SIPC protects securities customers of its members up to $500,000 including $250,000 for claims for cash. To obtain information about SIPC, including an explanatory SIPC brochure, please contact SIPC at
SIPC - Securities Investor Protection Corporation or 202-371-8300.
To offer greater protection and security, Vanguard Marketing Corporation has secured additional coverage from certain insurers at Lloyd's of London
and London Company Insurer(s) for eligible customers with an aggregate limit of $250 million, incorporating a customer limit of $49.5 million for
securities and $1.9 million for cash. Coverage provided by SIPC and certain Lloyd's of London and London Company Insurer(s) does not protect against loss of market value of securities. The policy provided by certain Lloyd's of London and London Company Insurer(s) is subject to its own terms and conditions."
Regards
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