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Creating a Financial Plan
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Obtaining Home and Auto Insurance

Creation of an insurance plan, including appropriate coverage for your home, personal property, and motor vehicles, helps to avoid financial difficulties.

Your Short-Term Financial Planning ActivitiesResources
1. List current and needed insurance coverages.PFP Sheet 46, 48
www.insurance.about.com
www.insure.com
www.iii.org
2. (a) Prepare an inventory of personal belongings. (b) Compare the cost of homeowner's or renter's insurance from two or more companies.PFP Sheet 47, 49
www.quicken.com/insurance
www.insweb.com
3. Compare the cost of auto insurance from two or more companiesPFP Sheet 50
http://personalinsure.about.com
www.insquote
Your Long-Term Financial Planning Activities
1. Identify buying decisions that could reduce your future home and auto insurance costs.Text pages 320, 327–328
www.iiaa.com
2. Develop a plan to monitor changes in your life situation that would affect the need to change home or auto insurance coverages.Text pages 318–319, 325–326
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