Fidelity Bond Coverage
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Fidelity Bond Coverage Our Club is exploring our options as we approach the renewal date for our BetterInvesting subscription. If we choose non-renewal: * Where else can we obtain reasonably priced Fidelity Bond Coverage? Thank you! Bob Hooper New Pueblo Investment Club Tucson, AZ Hey Bob, Talk to your home owner's insurance agent. Mine is American Family and my agent told me that most companies have bonds. You just have to shop around. I thought yours was a newer club (I may be wrong). If so, why do you feel the need for a bond? My club is 6-1/2 years old and we have around $20,000 in total assets. Every year at the annual meeting, we ask members to vote on whether or not they feel the need for a bond. So far, it has never passed. I'm guessing that's because we are very transparent in the way we handle our books. Personally, if I were in a club where I didn't trust the treasurer, I'd be gone. Lynn Ostrem, President garbagecop@earthlink.net Crow River Investment Club www.bivio.com/crowriver |
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