Insurance is possibly the best financial tool to protect yourself as well as your valuables from unforeseen circumstances. In fact, you owe it to your family to get the best cover you can afford. However, while it pays to be smart about insuring your family and your valuables, it is even wiser to make out which policies are truly worthwhile, and which ones are redundant - particularly in such times when you can get insurance for almost everything on earth, including your wedding.

You definitely need to know that while each insurance cover has its own benefits, not all of them are needed in normal circumstances. Also, there are lots of insurance policies that use scare tactics to lure you in, and have premiums that are overpriced. Therefore, you need to be selective in choice.

Here we take a look at some types of insurance policies everyone should take into account: 1. Life Insurance, 2. Personal Accident Cover, 3. Critical Illness Cover, 4. Home Insurance, and 5. Auto Insurance.

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