- Mobile phone insurance
- Flight and travel insurance
- Extended warranties for electronics
- Umbrella policies
- Renters insurance
Insurance Policies : Which Do You Need, Which Should You Skip?
Insurance is protection against unexpected expenses and insurance policies are available for nearly any scenario you can envision -- even your own ransom. But just because an insurance policy is available, that doesn't mean you should buy it.
Some insurance policies give you good bang for the buck. Others are plain wasteful.
In this 3-minute segment from NBC's The Today Show, you'll hear of several common insurance policies and their relative merits to people of FL who purchase them.
For example, Americans will spend an estimated $450 million on pet insurance this year. Because of the policies' restrictions and deductibles, though, it's an insurance policy that rarely pays off. This is one reason why financial experts often recommend that you pass on purchasing pet insurance.
Within the segment, other reviewed insurance policies include :
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