Do You Actually Need That Insurance?

Insurance protects against catastrophic losses, not small annoyances. You need health, auto, and liability coverage. Life insurance matters mainly if someone depends on your income.

Skip extended warranties on appliances and phones. Those are profit centers for retailers, not real protection. Skip trip insurance on trips you could afford to lose.

Revisit your policies every year. Life changes like marriage, kids, or a new home change what you need. Do not overpay for coverage that no longer fits.