Tuesday, 15 January 2013

10 Insurance [do not] You Need

Currently, there are many offers and all insurance costs are not small. However, the value of the coverage you need to learn carefully and wisely. Before buying any policy, make sure you are careful to make sure the terms, scope and cost.

In fact, there are many potential catastrophe insurance are less worthy of attention, such as the following insurances:

1. Private Mortgage Insurance
It is insurance protection against losses the lender when the borrower is given a high risk. This insurance is only necessary if you are buying a home with a down payment of less than 20% of the value of the home.

2. Insurance Warranty Extension
Insurance is available at stores that sell electronic equipment. From the point of view of the consumer, the warranty is very rarely used, especially in small electronic items such as DVD or radio.

3. Car Accident Insurance Protection
If you have a loan on the car, lenders tend to require that you have an accident insurance because insurance is designed to cover the cost of vehicle repairs. If your car is paid off, the insurance is not that you need.

4. Car Rental Insurance
In fact, most people rarely rent a car. Even doing so, although the cost of insurance is relatively inexpensive, when amortized over a lifetime may amount you spend will be greater than the benefits.

5. Cheap insurance
Your personal life insurance policy should already cover catastrophic.

6. Life Insurance for Children
Statistically speaking, most children grow up safe and healthy so that parents do not have to buy life insurance for their children.

7. Flood insurance
Unless living in a troubled region with a history of flooding, you should not bother buying this insurance.

 8. Credit Card Insurance
Bids stating the credit card insurance can pay the bills due to your failure to pay it off, but this is just a waste of your money. Better you minimize the use of credit cards so no need to worry about the bill.

9. Life Insurance for Home Loans
Rather than add a policy for this insurance and other bills, it makes more sense to get a regular life insurance policy instead.

10. Specified Disease Insurance
Polis is usually reserved for diseases such as cancer, heart disease, and others. Instead of identifying any possible diseases that you may face, got this kind of policy coverage requires accurate medical clarity.