Insurance policies provide us peace of mind in the face of the unknown. But that doesn't mean that you should get suckered into every type of insurance out there. In some cases, you're already winning. Here are the policies you do not need.
Extended warranties. They're usually not worth it, especially if you're buying a small electronics item such as a DVD player.
Rental-car insurance. Before you pay the extra cash to insure a car you're renting, check your own auto insurance policy first. According to the Insurance Information Institute, in most cases, the coverage on your personal car policy will apply to a rental car (if it's for pleasure and not business).
Flight insurance. The chance you will be involved in a plane crash is extremely rare. According to the PBS show Nova, the average American's chance of being killed in a plane crash is 1 in 11 million. Besides, your life insurance policy should already cover you in these cases
Life insurance for kids. Life insurance is to make sure that your dependents are secure in the event of your death.
Credit-card insurance. This coverage will pay your credit-card bill if you can't make your payments due to job loss or disability.
Disease insurance. If you're pitched specific insurance policies that cover cancer, heart disease or other serious illnesses, don't buy them. There's a better way to protect yourself -- it's called health insurance.
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