What do losing weight, growing older and buying a burglar alarm have in common? According to U.S. News & World Report, they’re all potential ways to save on insurance. The writer cautions, however, not to go overboard.
“You have insurance for a reason: You want it to pay off if you need to use it. So remember that you get what you pay for, and if you buy insurance that stresses low payments but doesn’t seem to boast anything else, your insurance may not cover your problem due to numerous exclusions in the fine print. In which case, you may end up feeling that the insurance premiums you’ve been paying have been a complete waste of money.”