3 types of insurance you may not know about

by Kristina Tahnyak on March 19, 2015 · 1 comment

types of insurance, insurance coverage, insurance policy, policy protection, get protected, insuranceGood morning Dinks.  Have you ever been up late and night watching infomercials and saw a ridiculous product and thought to yourself, I can’t believe people spend money on that?  Well I had that realization last week about insurance.

Remember I went to New York City at the beginning of March? While I was there I saw the Broadway musical On The Town.  If you’re in NYC any time soon and want to see a musical, I definitely recommend it.  The story is about three sailors who are docked in New York for 24 hours and they want to see all the sights while looking for their dream girls at the same time.  The music is upbeat, the sets are colorful and the dialogue is really funny.  It’s definitely money well spent.

I always like to find the best deal whenever trying to see a Broadway show and of the three I’ve seen I only paid over $100 once – and that was only because I really wanted to see Motown and didn’t want to take a chance on it being sold out.  This brings me to the first type of insurance I recently discovered, show ticket insurance.

Show ticket insurance

Did you know that you can actually buy insurance to cover the cost of your Broadway show tickets if something happens and you can’t make the performance?  I had no idea.

I was searching the web to find the cheapest prices available and during my checkout at Broadway.com they asked me if I wanted to buy ticket insurance.  I didn’t end up buying the ticket or the insurance through this website (I bought it directly at the box office), but I thought the option was interesting.

Engagement ring insurance

I learned about this beauty while in New Orleans at FinCon last year.  In the exhibition hall I met two lovely women from a company called Jeweler’s Mutual.  They are an insurance company that only protects your jewelry.  Did you know that your valuables don’t have to be included on your home insurance? I didn’t.

Jeweler’s Mutual protects all jewelry under a separate insurance policy, their biggest assets are engagement rings.  Now since I’m not married – or even engaged – to my long time boyfriend Nick I won’t be needing this type of insurance any time soon, but it’s worth comparing prices for anyone who is about to tie the knot.

Rental car insurance

If you’ve ever rented a car you’ve probably been asked if you want to purchase additional theft or damage insurance for an extra $25 a day in addition to your car rental price.  I always politely decline because my American Express offers car rental protection.

However my good friend Cliff at LowestRates.ca recently told me that your regular car insurance often includes car rentals too.  I’m not sure if this is a standard offering or if it’s an addition on your policy, but it’s definitely worth looking in to before renting your next car.  Why pay extra for rental car insurance if you don’t have to?!


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{ 1 comment… read it below or add one }

1 Mihai March 19, 2015 at 6:29 pm

I knew about rental car insurance. It’s a simple way of taking you money twice. If you get into the trap. The show ticket insurance is cool but useless, from my point of view. What would be the risk of not getting to see the show?

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