Top 5 Insurance Policies That Are Not As Popular

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Since you do not know what will happen tomorrow, you plan for it; that is how insurance companies make money. Today, several insurance products exist to guard people from calamities, physical harm, bills etc. but looking closer; it is almost meaningless to insure yourself against some of them. Below are 5 policies that are not so popular to people.

Rental car insurance

Can you remember the last time you rented a car? Most answers are either never or rarely. This policy offers extra coverage for the rental and is usually advertised to appear very vital for drivers to have, when in reality, it is not worth it. In addition, since you will not use the car for a long period, it makes the total cost not worth it.

Life insurance for kids

Life insurance is mainly to support your dependents after your demise. It is very rare to find a kid with dependents and most of these children mature to be healthy adults. Therefore, instead of wasting money on such a policy, why not invest in an education plan for them through your own life insurance?

Disease insurance

Yes, they do exist and they cover you from specific diseases such as cancer and heart disease. You never know what disease your body might get, unless your family genetics has one. Therefore, it is wiser and more cost-effective to have a medical cover. It not only covers you from specific diseases, but all kinds and the medical bills that come with it. Plus today, there is available life insurance no physical exam required which can also cover medical bills.

Insurance for your credit cards

Instead of insuring your credit cards in case you fail to pay your debt, why run up your card? This is the best way to avoid the unnecessary high costs such as interest on the outstanding amount that come with such events. The premiums are also not that cheap and only add more expenditure to your budget. In addition, in the event your card is stolen, the law in most states will limit your liability.

Prolonged warranties

These are common on most home appliances; the same appliances you rarely use after purchasing. As a consumer, you are well aware that buying from a reputable manufacturing company will give you a quality product, one that will not require repair services any time soon or any warranty. The worst thing is investing your money in such a policy to insure something very valuable, only for the insurance company to fail paying it off.

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