Three Types Of Insurance You Do Not Need

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