Money Matters: Which kind of insurance policies are necessary?
News from Rochester YNN:

There are many different kinds of insurance – life insurance, health insurance, pet insurance – but not every kind of policy is necessary. YNN’s Tara Lynn Wagner filed the following report.

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Insurance is meant to protect consumers and their peace of mind, but while there are some policies that people absolutely need or are required to have, with other kinds the cost may outweigh the benefit.

Consumer Reports recently named a few people may want to forego, starting with credit insurance, which promises to pay off a large loan should the policy holder become disabled.

“Which sounds very nice, but generally speaking we’ve found that it tends to be more expensive, maybe three times or more expensive,…………… continues on Rochester YNN

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