When purchasing auto insurance, you are usually doing it because it’s required by your state in order to register a vehicle. It’s also great coverage to have in order to protect you, though. Everyone makes mistakes, even you. Of course you always hope to be the one not at fault in an accident because then it’s on the other person’s insurance or the other person has to pay for your damages, but mistakes do happen.
In most cases, having insurance is a requirement rather than being optional. It’s difficult to shell out the cash for insurance premiums and something that you might never use. However, when you do have it and the unthinkable does happen to you, you’ll be relieved (hopefully) that you did have the insurance.
Insurance is a great way to protect yourself and the family. Not everything has to be insured, though. There are certain insurance policies that just might not be necessary. Before you get swindled into one of these types of policies, here’s what you should reconsider purchasing.1. Accidental death and dismemberment insurance - This is something that can be covered by a term life insurance policy or a long-term disability policy. There’s probably little need to purchase a separate policy like this. If you still think you really need it, be sure to read all of the fine print and weigh [...]