Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



2014 Insurance Checkup: How to Do It Yourself

Watch stocks you care about

The single, easiest way to keep track of all the stocks that matter...

Your own personalized stock watchlist!

It's a 100% FREE Motley Fool service...

Click Here Now

The New Year has begun, and it's time to take a look at your finances to make sure everything's in order. One key issue that many people neglect is whether they have the insurance coverage they need at a price they can afford.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at how you can do your own checkup on your insurance coverage. Dan gives two matching rules that sum up what you should look for: make sure you have the coverage you need, but also make sure you need the coverage you have. Dan looks at various situations that warrant adjusting your insurance coverage, including changes in family status and changing needs with respect to your property. He also talks about two ways you can cut insurance costs, using the competition between Berkshire Hathaway's (NYSE: BRK-A  ) (NYSE: BRK-B  ) Geico unit, Allstate (NYSE: ALL  ) , and Progressive (NYSE: PGR  ) as an example of how you can often get better rates just by shopping around. Dan concludes by sharing tips about raising your deductible to cut your premiums, assuring you that you can figure out your insurance needs just by spending a bit of time looking into the coverage you have.

Protecting your assets is one element of financial security
You need to have insurance to protect your assets, but you also need to have assets to protect. Smart investing is the way to ensure you have something to insure. In our brand-new special report, "Your Essential Guide to Start Investing Today," The Motley Fool's personal finance experts show you why investing is so important and what you need to do to get started. Click here to get your copy today -- it's absolutely free.

Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2783687, ~/Articles/ArticleHandler.aspx, 8/31/2015 3:15:38 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

Today's Market

updated 2 days ago Sponsored by:
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 1.21 0.06%
NASD 4,828.33 15.62 0.32%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/28/2015 4:01 PM
ALL $58.63 Down -0.11 -0.19%
The Allstate Corp CAPS Rating: ****
BRK-A $205344.00 Up +404.00 +0.20%
Berkshire Hathaway… CAPS Rating: ****
BRK-B $135.74 Down -0.49 -0.36%
Berkshire Hathaway CAPS Rating: *****
PGR $30.05 Down -0.20 -0.66%
Progressive CAPS Rating: ****