7 Dumb Insurance Covers You Spend Your Money On

6. Travel Insurance: You might think what if I travel overseas and there's a natural disaster? Or what if some civil war breaks out? These are possibilities but not guaranteed! Some travel insurance might help you safely leave the country, but few policies would reimburse the cost of your lost vacation too. Most of the travel insurances basically cover your expenses if you get sick or have an accident while on vacation. But it will not cover a health or weather issue that will force you to cancel your trip. Travel insurance is certainly not a bad deal but before you buy it, see what your existing policies cover. Your health insurance might cover you in other countries, and some credit card companies might provide free insurance for travel as well.

7. Limited health insurance: Limited health insurance policies are popularly known as mini med insurance. This insurance actually provides you a very little coverage. These policies will very little in case of an actual health emergency.  At the most, they will be able to only cover minor problems that you may have been able to afford out of your wallet. Thus, buying insurance is a total wastage of money; it’s better to invest that money somewhere else.