Thanks for the info, my son is my bond broker, I never asked about the insurance - I usually buy NY munis because it’s my home state.
I wouldnt buy IL or CA with someone else’s money :)
The insurance will cut into your yield a bit, but if it makes you feel more comfortable you should get it; though you can’t get it on every issue. It gets me angry when I see people like Gross get out there & say this stuff when it’s just not true. It’s also important that retired people out here know that there’s someplace to go & still get decent yield.