Which Insurance Cover Is Worth Paying For?
How to judge the difference between cover that protects your finances and cover that simply adds cost.
By Easy Finance Tips Editorial Team•
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Updated 29 Jun 2024•
6 min read•
5,210 views
Insure what you cannot absorb
Cover is most valuable where the loss would be financially unrecoverable: your home, your income, your liability to others.
Usually worth it
- Buildings insurance if you own property.
- Life cover if others depend on your income.
- Income protection if a long illness would stop the bills being paid.
Often not worth it
Extended warranties and gadget add-ons frequently cost more than the risk they cover. Check whether existing policies or card benefits already include them.
Read the exclusions
Price differences between policies usually reflect what is excluded, so compare cover levels before premiums.
Sources
Easy Finance Tips provides general information and educational content, not personalised financial advice.