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How can I insure more than 250k?

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in Insurance by (82.5k points)
How can I insure more than 250k?

My query is from Insurance

The question was asked during an online interview.

Other related questions to my question are:

How can I insure more than FDIC limit?

Do any banks insure more than 250 000?

What if you have more than 250000 FDIC?

Does FDIC insurance cover multiple accounts same bank?

1 Answer

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The correct answer by me is: - Open accounts at more than one institution. This strategy works as long as the two institutions are distinct.   

- Open accounts in different ownership categories.   

- Use a network.   

- Open a brokerage deposit account.

The title of my answer can be How Do You Insure Funds More Than the FDIC Limit?

The heading of my answer can be Here are four ways you may be able to insure more than $250,000 in deposits:

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