You don’t need every kind of insurance that’s out there. That’s right – you don’t need it all. And why waste your money on insurance that you don’t need?
A good example is trip insurance, a decent (and relatively inexpensive) buy on a plane ticket so that if your travel plans change or you don’t end up going on your trip, you don’t totally lose out on the cost of the tickets.
Flight life insurance, on the other hand, is for people with those “better safe than sorry” mentalities when it comes to everything in their lives. Flight life insurance covers you if you’re ever injured in a plane crash. A little over the top? I think so.
Or how about credit protection insurance? That’s something that you can opt to pay an additional charge for on each of your credit cards to ensure that if you ever die or your credit card gets lost, you’ll be entitled to your money. The fact is – you already are entitled to that money. The insurance is just unnecessary. [Read more…]