loan. A credit disability plan pays a small monthly income in the event the insured becomes disabled. These plans are extremely expensive when compared to the small amount of insurance being bought.

Home warranty plans:

This is one that really gets my goat. Only take home warranty plans if offered and paid by the seller or the real estate agent. Forget paying for this yourself because due to the particular fees if a contractor is needed to look at a problem, home warranty plans usually limits how much will be paid. Hey it's cheaper to pay an inspector to find any potential problems before even buying the home.

Daily hospitalization insurance

This insurance pays a certain amount per day and are usually sold to older people. The money spent for these plans would be better toward a comprehensive (major medical) plan instead. The daily hospitalization plans don't cover for the extreme big-ticket expenses.

Insurance can be very useful in times of extreme emergencies but not knowing or having the right insurance can be very costly. Always take time to review or request assistance from a trained and licensed independent broker or agent before buying insurance.

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Charles Myrick, President/CEO of American Consultants Inc, an Atlanta based insurance and marketing agency,offers many in depth reviews. Explore some of the sites reviewed at www.cheaptermquotes.com, www.spendlessforinsurance.com, www.cashsavingsonline.com ,and www.2spendless.com .

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