Insurance bills you every month for a disaster that may never come. On a fixed income with premiums climbing, dropping a policy can look like found money.
Paying for insurance may seem like money poorly spent. In fact, you are not wasting money. You are protecting yourself against the financial consequences of disaster. If any of these excuses have crossed your mind as reasons not to purchase insurance, think again.
Car, home and renters insurance can protect you against the losses you could never cover on your own.
1. Your home is paid off
So what? Paying off the mortgage retires the bank’s interest in your house, not the risk to it. The lender…
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