1. Private Mortgage Insurance
increases the amount of their monthly mortgage payments, because the notorious private mortgage insurance (PMI) is also known to the host. to protect high-risk debt against the loss of PMI when the borrower's credit as an insurance policy. Borrower pays for this insurance, but no benefit is derived. Fortunately, there are several ways to avoid paying unnecessary policy. If your house is less than 20% of the value, if it is a house with a deposit required to purchase PMI. Small down payment is seen as putting the credit risk of defaulting. Sit at least 20%, and the need for PMI. Alternatively, you can put at 10%, and two loans, the sale of real estate for the cost of 80% and 10% for every interest can to avoid the interest in favor of the host economy development in spite of this maneuver.
2. Extended Warranties
Extended warranty is in home appliances and electronics. Consumer point of view rarely small items such as DVD players and radios are used in particular. A respectable, if you buy brand products, so that the display is totally unnecessary and is probably statistically extended warranty that you can be sure will work. A huge spending, $ 5,000 flat-screen television, politics, but it is unlikely to pay more, you can feel better. for everything, forget it.
3. Automobile Collision
Collision insurance in the event of an accident, your vehicle designed to cover the cost of service. If you have a car loan if the loan issuer would you need to have a collision insurance. If your vehicle is paid, the collision is optional, so you can be an unnecessary expense insurance is covering the cost of a new car, there is enough money in the bank. An old car if the car very quickly, many tools valued at cost if the loan is paid in full, that only a small part of the reason to reduce it, especially is true.
4. Rent Home
Most car insurance policies in a car accident, when it advertises no need some time to spend in the workshop as a useful function, we offer added value to the cost of car hire. That may be a good idea, but in reality most people seem rarely rent a car, and when they do, the cost of insurance against a relatively low hard to value. Rental car insurance for life, salvation is still relatively cheap, although you will spend much more likely to benefit more from it.
5. Car Rental Insurance
Many car insurance policies already cover the rent, it is not required to pay this time. Check the policy before you pay. If you rent a car center, depending on where you buy it, may also be able to pay a small fee for the rental insurance. This fee policy, select the appropriate fee, would I like to pay less than what the old policy for one year.
6. Flight Insurance
Flight insurance is unnecessary. Despite the media portrayal, the airline accidents are relatively rare, and offer your life insurance policy coverage in case of a catastrophe.
7. Water Line Coverage
Water companies are working on the streets to your home to have strategies that sell water pipes repaired cover an aggressive push made. You can get a new chance to live in a house, especially if you use this cover is never in your favor. If you live in an average suburb, and the need to repair the water line, the road is not likely a problem with distance and the cost of repair is that a few thousand dollars or less short. The same applies to the policies offered by other public companies.
8. Life insurance for children
Life insurance heirs / dependents are designed to provide a safety net. Because children do not care about the heirs, in statistical terms, the safe and healthy children, most parents buy life insurance for children should not grow. Instead, a training plan or an individual retirement account (IRA) fund life insurance with the money would be spent.
9. Flood Insurance
A flood or water so long to live in an area with a history of problems, not even bother to buy flood insurance. None of the houses in the flood area, your first is not possible.
10. Credit Card Insurance
If you can not pay the amount of purchase is to pay a waste of money, credit card. A much better idea in the first place to prevent employees from credit cards, so you do not have to worry about the bill. Are you not only save on insurance premiums, but also to save the interest.
11. Credit Card Loss Insurance
Federal law limits your liability for credit card theft. I know not a cent more out of pocket and is bounded with $ 50 per card. In fact, many credit card companies are still trying to collect the $ 50.
12. Mortgage life insurance
Mortgage life insurance pays off your house in case of death. and other statements - - Instead of a policy on the other to your list of insurance plans to add, rather than a term life insurance makes sense. A good life insurance and enough money to pay off the mortgage, as well as to other costs. After all, your death to pay the mortgage, not just accounting.
13. Unemployment
Seems attractive to you are unemployed, this coverage will pay a minimum. A better plan to save money and instead an emergency fund. If you do not cover the costs of insurance and you are never out of business, not spend money.
14. Health Insurance
Policies cancer, heart disease and other diseases are to cover. Instead, you meet a health insurance get better and try to identify all types of diseases. This way, you are a problem no matter what your medical bills are covered.
15. Accidental-death insurance
If you are prone to accidents unless there are extraordinary, the possibility of an accident is low. In large disasters such as fires and car wrecks from damage to you while you work, are covered by other measures. Accidental death policy, therefore, often make it difficult to collect on the full with the provisions of the problems instead of jumping to get life insurance.
Time Insurance Choice
There are many strategies and they all chose the fees. Although a certain amount of insurance coverage necessary and wise, you must choose carefully. Reporting of events, which is the potential for a lot of focus on specific diseases or limited range of possible events is a better choice of policy in general, broad policy. Before buying a policy, terms and conditions carefully read by him to ensure that you understand the scope and cost. When the cover until you are comfortable and confident that this requirement not to sign on the dotted line.
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