Not sure which insurances are essential? This simple guide breaks down which policies you need—and which you probably don’t.

Do You Really Need All That Insurance?

Let’s face it—insurance can feel overwhelming and expensive. But having the right coverage is like wearing a seatbelt in life: you hope you never need it, but you’ll be glad it’s there when things go wrong.

The “Must-Haves” of Personal Insurance

• Health Insurance – Covers medical costs, protects against financial ruin

• Auto Insurance – Required by law (and smart) if you drive

• Renters/Homeowners Insurance – Protects your stuff and liability

• Life Insurance – Essential if you have dependents

The “Nice-to-Haves” (Depending on Your Life)

• Disability Insurance – Replaces income if you can’t work

• Pet Insurance – Helpful for expensive vet visits

• Travel Insurance – Great for frequent travelers

What You Can Usually Skip

• Credit card insurance

• Extended warranties (usually not worth it)

• Cell phone insurance (compare with manufacturer warranties)

Conclusion: Protect What Matters—Not Everything

You don’t need to insure every aspect of your life—just the ones that would financially devastate you if something went wrong. Choose smart, not scared.