It’s just as important to avoid overpaying for unnecessary coverage as it is to ensure you have adequate protection.
- Tip:
Avoid duplicating coverage—For example, you may not need an additional travel insurance policy if your credit card already provides coverage for trip cancellations or lost luggage.- For Health Insurance: Don’t buy duplicate coverage. If you have health insurance through your employer, you might not need extra coverage unless it’s to cover specific needs (like dental or vision).
- For Auto Insurance: Review your auto insurance to make sure you aren’t paying for redundant coverage if you already have coverage from another source (like credit card rental car insurance).
Don’t Buy Too Much Insurance