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Insurance You Can Live Without

Retirement EducationAlthough owning insurance often gives us a certain peace of mind knowing that we have protection against unforeseen events, some plans are simply not worth the costs to insure. Jeanette Pavini posted a great article which describes some insurance policies which are often not in our best interest to purchase. She provides a list of things that we should stay away from and also includes others that we should really pursue. In summary, here are the highlighted items.

Skip – Pet insurance, home warranty, extended warranties, mobile-phone insurance, identity-theft insurance, flight insurance, and wedding insurance

Sometimes get – Travelers insurance

Buy – Medical insurance, auto insurance, umbrella insurance, and renters insurance

To read the explanations for any of these listed items, please see the full article linked here.

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