MoneyMatters101.com Home
Information About Insurance
Insure My Future
Unnecessary Ins.
Update Policies

Email Us

Unnecessary Gamble
Facts about Medicaid
Your Financial Future

Auto Insurance
E&O Insurance
Health Care Ins.
Homeowners Ins.
Life Insurance
Personal Liability
Whole Life Ins.
Workers Comp

Funeral Expenses

Political Issues



Why Buy Insurance You Don't Need?

Buying Insurance you really don’t need is like flushing money down the toilet!

Insurance can be a good investment, but in many cases, customers are persuaded to buy it when it is totally not necessary. Stores and insurance companies will try to sell you insurance on everything from electronic equipment, rental cars, and even additional life insurance that you can live without.

The bottom line is that most of the time, much of the insurance that you are talked into buying is a waste of your money.

So why do companies push insurance on the products they sell? It's called impulse buying and it's all about making money for the company. By getting customers to buy additional insurance, stores and insurance companies make additional profits.

Retailers and insurance companies know that most of the products they sell will outlast the original warranty. They also know that most people forget that they've purchased additional insurance on equipment or simply buy an updated model of the product instead of having the old one fixed.

When you buy only the right amount of insurance, you save money. Modern life isn't cheap... so it pays to make sure you're not wasting money on anything, and that includes insurance.

Are you paying for unnecessary insurance? You may be, so you should take a few minutes of your time to look over your policies to make sure you are not paying for insurance that you don't need.

Book of the Month

Book about investing

Advertise on MoneyMatters101.com



Accessibility Policy| Terms Of Use| Privacy Policy| Advertise with Us| Contact Us

Use of this web site constitutes acceptance of the Terms of Use.

We are looking to create more mutually beneficial partnerships. If you are interested in partnering with MoneyMatters101.com, send us your proposal.


Link to MoneyMatters101.com