Insurance To Stay Away From
Insurance To Stay Away From
We are an insurance society, there's no two ways about it! Insurance is the price we pay for our freedom. We're free to make stupid choices, so long as we have insurance to save us from those choices!
There are many different types of insurance that everybody should have even though we don't often like to pay the premiums month after month and year after year.
For instance, everybody that drives should have automobile insurance, in fact the law requires it. And if you want to purchase a house but need to get a mortgage from a bank, then you need homeowners insurance. In fact, even if you don't get a mortgage, you should probably still have homeowners insurance anyway.
Likewise, everybody should have health insurance to make sure that your medical bills will be paid for in the event of catastrophic illness or disease. This is one insurance policy you don't want to skimp on for yourself or your family.
There are also a couple of insurances that you should have that most people don't have including life insurance and disability insurance.
Life insurance pays your family a set amount of money if something fatal happens to you and you die unexpectedly. It's used to make up for the loss of income that you will no longer be able to generate because you're dead.
Disability insurance is like life insurance except that it only pays out if you become disabled and could no longer perform your job. This is especially important if you have a manual labor type job that requires your physical body to perform.
Yes, these are all insurances that you should have, but there are many types of insurance that you shouldn't waste your time on which is good news for a lot of people. What are some of those insurances that you shouldn't waste your money on?
Rental car insurance. Many people's regular auto insurance covers any rental cars they might have to use, and likewise if you use a credit card to pay for your rental car it may come with its own built-in rental insurance.
Automobile medical insurance is another type of insurance you probably shouldn't waste your time on. If you've already got health insurance there really isn't any reason to differentiate between car accidents and regular access.
Credit card insurance is another one you shouldn't waste your time on. This is specific insurance to make sure you aren't held liable if somebody steals your credit card and starts spending money on it.
Credit cards usually have a limit of around $50 that you are liable for if somebody steals your card. That means if somebody steals your card and starts charging thousands of dollars, you may only have to pay back $50 and most of the time you can get that waved as well. I'm pretty sure it's a law.
So there you have several types of insurance that you shouldn't waste your money on. Definitely make sure you're covered for the first few that I mentioned though. Don't Waste Your Money On This Insurance Can You Negotiate Insurance Premiums For Lower Rates? Finding Insurance Online – Your Easy Way Out Offers Provided By Best Rated Insurance Companies Do You Trust Your Insurance Quote? What Will You Be Asked When Acquiring Insurance Quotes? Van Insurance Selection Should Not Be Rushed Finding The Most Appropriate Van Insurance Policy The differing levels of van insurance Insurance Companies for Climate Research Women and insurance Insurance and running a business Insurance Basics 101 For Small Business