| Insurance is generally something that you | | | | car rental is for business use, check to see if |
| purchase in order to protect you and your family | | | | your employer's business policy covers you. And |
| from the potential financial loss caused by a | | | | if you will be driving outside of the US, your agent |
| catastrophic event or serious illness. | | | | can tell you if you will require special coverage. |
| But there are types of insurance that don't really | | | | Unreasonably Low Deductibles |
| provide that peace of mind for you, that are not | | | | While this is not technically a "type" of insurance, it |
| required, that cost more than you could ever | | | | is an insurance expense that you can do without. |
| benefit from, and that are best avoided. | | | | A lot of people carry lower deductibles because |
| Here are 3 types of insurance that you can "just | | | | of the peace of mind it gives them. But how |
| say NO" to. | | | | many times do you really need this lower |
| Life Insurance Sold By Credit Card Companies | | | | deductible? And nowadays, while you may be |
| Credit card companies will offer you insurance | | | | required to carry insurance, it is often detrimental |
| that pays off your credit card balances when you | | | | if you actually use it! |
| die. If you already have a life insurance policy, | | | | So if filing a claim will jeopardize your insurance |
| either obtained on your own or through your | | | | coverage, you may want to only file a claim that |
| employer, that will do the same thing. Why pay | | | | you really can't handle. It makes much more |
| the credit card companies a much higher premium | | | | sense to raise your deductible and "self-insure" for |
| for the same thing? | | | | the smaller claims, using the savings from your |
| Rental Car Insurance | | | | lower premiums. |
| When you rent a car, they always ask you if you | | | | If you decide to increase your deductibles, be |
| want auto insurance which will cover you if you | | | | sure to put your saved premium dollars into a |
| are in an accident in the rental car. If you have | | | | savings account so that you can pay for those |
| your own auto insurance, you will most likely not | | | | losses that fall below your increased deductible |
| need this. Check with your agent to be sure, but | | | | amount. |
| most policies cover you regardless of what car | | | | Specialty-type coverages, like the ones mentioned |
| you are driving. Even if your regular policy only | | | | here, can usually be covered with another good |
| offers this coverage by adding a "rider" to your | | | | broad-based policy that you already have. And |
| policy, the cost of the rider will most likely be | | | | why are these speciality insurance polices more |
| much cheaper than paying the higher per-day | | | | expensive? It costs more for the insurance |
| charge that the rental agency will charge you. | | | | companies to administer these policies ... so guess |
| There are a couple of exceptions to note. If the | | | | who ends up paying for the extra costs?! |