As a consumer, you must ask two questions when you buy insurance: What does the insurance cover exactly? What is your goal, and are you actually insuring against something that threatens it? Often it is tempting to buy insurance to cover a risk we aren’t worried about or one we are already insured against; for example, buying insurance for a car rental when we already have credit card insurance, or buying insurance in case our TV falls off the wall when we keep it on a stand.
