Insurance Field Guide: What to buy, and when

Insurance can be a mystery to consumers. Here's what you need to know about the different types of coverage before you buy.

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VIDEO ON MSN MONEY

32Comments
Jul 12, 2014 9:26AM
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So anyway,  I call my alien abduction insurance adjuster after I was abducted,  and he told me it was only good for another kind of alien,  and besides it's only good during daylight hours.
Jul 12, 2014 10:15PM
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It's nice to have insurance until you need and they tell some obtuse reason why they aren't going to pay.  And yes I do read my policies.
Aug 5, 2014 5:38PM
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We can comment on this nonsense or some of the other fluff that permeates this site. But gosh forbid they allow us to comment on the things that actually matter. You know, Russia, Israel/Gaza, anything of a political nature. Who gives a flying leap what some "celebrity" is saying or doing. They are about as in touch with the rest of the world as are our leaders. Alien abduction insurance, yea that's something we should all waste our time thinking about.
Jul 12, 2014 7:04PM
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Nothing but health insurance for most folks!
Jul 12, 2014 8:36AM
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Life and medical insurance is all I have. Should I become disable that I can no longer take care of myself and become a burden to my kids, there is insurance for that too. It's called Walter PPK.  
Jul 12, 2014 12:39PM
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BOYCOTT OBAMACARE!!!

Make it PAINFUL for those that have insurance!  They will tire of paying for all the freeloaders with their increased premiums, and this unjust travesty will be REPEALED!!!

 

Vote out lying Democrats in november, repeal in December!!

Jul 12, 2014 4:24PM
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One tip not mentioned is from self experience.  I have always bought insurance without a policy.  the policy comes 30 days later.  I counted on the salesperson's "I'm gonna be here for you."  Well, my decisions have changed.  No policy, no premium.  They won't miss one customer.  If a million adopted a "no policy, no premium" attitude, we might see better polices.  They count on you forgetting to cancel or not reading the policy.   If you have a house insured with teh "good hands" people, you may not get paid if you have a loss while you have 'oil" in the house.  How many homes have never had a can of "WD 40 in it?  Isn't that "oil?"  Fron now on, no policy, no premium. Thank God I have not had a loss, but that is in the policy now as I usderstand it.
14 hours ago
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disability insurance for white collar workers is very expensive and not particularly effective. i had a massive heart attack at 46. my disability coverage paid about 50 days. it took about 3 months to get the first 30 days and 6 months to get the last 20 or so days. if i had not had my own resources, i would have been toast. i had been paying premiums for 10 years. i never bought another policy and am thankful that i did not.
Jul 10, 2014 12:13PM
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Pet insurance - only if you are gullible enough to shell out $5000 that you don't have or can't afford to a veterinarian.
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With all the illegals signing up for free you can expect an increase in premiums. And of course, more illegals..I don't often wonder just how stupid Americans really are, but when I do, I take advantage of them,   Stay thirsty my ignorant American friends
Jul 13, 2014 6:16PM
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Obviously it is extremely important to own health insurance, because our health is probably the number one concern that we should have.  Luckily many of our employers cover the expenses, or at least part of them, so the price doesn't break our backs like it would otherwise.

 Next on the list I would say is life insurance, because we need to make sure that our families are cared for if something happens.  Life is much cheaper anyway (about $15 a month from Life Ant) so it is kind of foolish not to own it.  

Car insurance is probably the third most common, followed by home, flood, and renters.  We are turning into an insurance nation.  Its sad when we pay so much to protect everything, but most people will never come close to getting back what they paid.  The problem is that in a worst case scenario, it would be impossible to survive without it.  Its a necessary evil in my book.
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so with the ACA the insurance companies can no longer make a profit, if they do they have to send it back. What the ACA did accomplish was to give them spending targets, either spend it or give it back. But if you are good and spend it all, you are justified in raising rates.
Hence insurance becomes more affordable ,,,, LOL

 a bunch of morons wrote the laws,  Pelosi said, you have to pass it before you see it otherwise it might not pass  because there is nothing in there that's good 

So my premium  went up 60 % while my deductible is now $5000,ugh  

11 hours ago
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Sad but funny thing is ...The Republicans do no better ....Ever . Seems like your speaking now , so i guess your freedom to spew BS is still in tack . Ya Think ????

 

Maybe if those who do work made enough $$$ and didn't need help to put food on the table , that would solve the problem . But that's no good either . Everything your way and still not offering 1 solution .

Sad commentary about how some think things through .

 

Better run and vote Republican so we can get back to War and killing as many of theirs and ours as we can . Yes ???  How'd the last 1 work out for ya ?

 

It's Ok , we'll pick up the pieces again . As always

 

Best Country in the World and some don't think Freedom Costs and should be free .   

 

They all LIE . All of them . It's about getting your $$$ and nothing more . 

11 hours ago
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You just invalidated the whole article with that bit about alien abduction insurance.  Now all the information that was presented is suspect (as if we trusted you already).  The truth is out there...seriously...about insurance, what to buy and when.
12 hours ago
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Remember folks, November is coming, so if you are fed up with the democrat lies that canceled 6 million healthcare policies on the middle class or our new premium increases, or if u r fed up with the IRS being used to control your freedom of speech and the stonewalling that goes with the investigation, or u are sick of the media lying about our booming economy of food stamp recipients, shrinking workforce and growing poverty, or u want democrats held responsible for doubling our national debt in only 6 years time, or u are sick of illegals flooding our southern states with lying democrat approval, or u r sick of the new wars in Israel, Syria, Iraq, and Ukraine under this failed democrat leader, or u r sick of being tapped on your cell phones or u r sick of having your emails scanned by democrat controlled NSA, or u want our vets to actually have healthcare where they don't die waiting for service at the VA or u r sick of being called unpatriotic for holding the liar to the constitution or being called an extremist because you want a lower tax burden, or an extremist because u want a balanced budget or a racist because u want our border secure.......
THEN VOTE OUT THESE LYING FILTHY SOCIALIST DEMOCRATS AND TAKE THE NATION BACK!
Jul 12, 2014 4:28PM
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The aliens insurance is needed too.  We have one that has moved in with us.  It is the DEVIL.  Yes, he is real.  He has visited us all our lives but for almost 4 years, he has just moved in.  God has not evicted him yet though I keep asking God to throw him out.  I do have to say the  devil is a good worker.  He works day and night, never takes a break and no time off.  No holidays at all.  Works weekends too.  He is here when we get up and here after we go to bed. He goes with us if we leave the house and comes home with us.  We are never alone.  the devil is real.  Read Second Corinthians (4,4) if you have any doubts.
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I don't think it should be illegal not to have insurance. Just because a politician wants money for campaign and personal funds that's why it's illegal. The last almost 10 years car insurance has been required by law in Indiana. I've spend over 15k for something I've never even used before because I'm a good defensive driver, but because greed, and corruption run this country it is law, but it's one I doubt I'll respect for much longer. There's a mob of other people who've stopped paying for any kind of insurance saying it violates their constitutional right to pursue happiness, so it's actually illegal to have such a law.

I think if more people would rebel and enforce their rebellion a little better that could slow the corrupt take over or even reverse the process. I think it's funny how Republicans preach about being more liberal, but every Republican thinks people should have insurance, but I'm sure they all hold stock in those same insurance companies.
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