| One of the main points of this review is to basically | | | | Home warranty plans: |
| avoid spending on "dinky" insurance. Remember that | | | | This is one that really gets my goat. Only take home |
| small policies are cheap because they really don't | | | | warranty plans if offered and paid by the seller or |
| cover much in losses. The following are insurance | | | | the real estate agent. Forget paying for this yourself |
| policies or programs (by Charles Myrick of American | | | | because due to the particular fees if a contractor is |
| Consultants Inc ) that are designed to take your | | | | needed to look at a problem, home warranty plans |
| money, but are really a waste especially during this | | | | usually limits how much will be paid. Hey it's cheaper |
| time and age where every dollar is essential. | | | | to pay an inspector to find any potential problems |
| Dental Insurance: | | | | before even buying the home. |
| Take this insurance only if your employer is basically | | | | Daily hospitalization insurance |
| paying for it but forget paying for it yourself. Dental | | | | This insurance pays a certain amount per day and are |
| insurance is basically an expensive discount plan that | | | | usually sold to older people. The money spent for |
| basically covers a few teeth cleanings a year and | | | | these plans would be better toward a comprehensive |
| offers a discounted rate for the more expensive | | | | (major medical) plan instead. The daily hospitalization |
| work. | | | | plans don't cover for the extreme big-ticket |
| Credit Life and credit disability policies: | | | | expenses. |
| Credit life plans consists of paying a small benefit in | | | | Insurance can be very useful in times of extreme |
| case the covered person has an outstanding loan. A | | | | emergencies but not knowing or having the right |
| credit disability plan pays a small monthly income in | | | | insurance can be very costly. Always take time to |
| the event the insured becomes disabled. These plans | | | | review or request assistance from a trained and |
| are extremely expensive when compared to the | | | | licensed independent broker or agent before buying |
| small amount of insurance being bought. | | | | insurance. |