8 Types of Insurance That Might Be Money Down the Drain

Are you wasting money on insurance? It gives you a sense of peace to know that you're covered in case of an emergency or an unexpected incident. Insurance, at its best, helps protect against unfortunate events that could send your finances into a death spiral. Essential products include insurance against the loss of or damage to a house, serious car crashes, and the loss of income due to disability or death. However, there are some kinds of insurance that you don't actually need or that could simply be money down the drain. While insurance policies can provide security, it's important to understand when it's worth investing in coverage and when you're wasting money on insurance. Here are some types of insurance that might be a waste of money!