This is not about protecting the VALUE of my investments against market fluctuations, stock prices drop ...etc.
What I am looking for is to protect my investments in shares and options that I am holding through a brokerage firm against fraud, mismanagement, bankruptcy of the brokerage or the clearing houses or any entity holding the shares and options, and against market value losses due to my holdings becoming temporarily unavailable to me.
If I have options that expire on a certain date and the brokerage goes bankrupt or is suspended for whatever reason, I will have no immediate access to my options and shares and I will lose the time value, if not all the value, of the options if returning my holdings to me takes time, and it sure will take months or maybe years!
I am looking for an insurance policy against bankruptcy or fraud in the brokerage I am using and to include the loss of market value as of the date the incident takes place. I would also like an identity theft insurance against someone hacking my accounts.
Of course such policy will have a cap that determines the premiums I will have to pay.
Any idea where I can find such a policy?