| 3/21/2010 |
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Buying Insurance That You Don't Need 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. 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? Money reporter Stacy Johnson has some advice on buying insurance that you really don't need.
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