While insurance can be a great safety net for your home, health and valuable items, you aren’t always going to get your money’s worth.

Don’t let yourself get talked into certain types of insurance just because the salesman was good. Sometimes your insurance can end up costing you more in the long run.

Let’s discuss some types of insurance that you are better off without.

1. Identity theft insurance.

While identity theft is a major issue and you want protection, having an insurance isn’t going to deter would-be thieves. What identity theft insurance can do for you is help you cover some of the costs after the theft has occurred. This means legal fees, postage costs and other small items.

2. Pet insurance.

The cheapest pet insurance is about $150 a year and often costs much more for full coverage (as much as $100-150 per month!). The downside to this type of insurance is that you’re unlikely to find one that covers things like dental work, grooming and routine checkups.

3. Cellphone insurance.

Most cellphone insurance plans have a long list of exceptions. For example, some won’t replace cellphones with water damage, which is a pretty common issue.

4. Rental car insurance.

If you don’t have full-coverage with your car insurance provider, you may want to spend the extra money on rental car insurance. But if you have full coverage, chances are your insurance provider will help cover any damages. Additionally, your credit card company often helps protect you in cases like this. Check with your credit card first before purchasing rental car insurance.

5. Travel insurance.

Travel insurance covers the costs of anything beyond your control, such as getting sick or natural disaster. This insurance doesn’t usually cover anything if you have to cancel the trip, unless you pay extra. Priced at around 5% of your vacation cost, you’re looking at a pretty good chunk of money for something you’re unlikely to need. If you want a travel insurance plan that allows cancellations, you’d be looking at ten times that amount. Sometimes travel insurance is a good idea (especially if you’re headed somewhere with unstable weather conditions or if you have health issues). Be sure to check with your health insurance provider if they already cover travel insurance.

6. Wedding insurance.

In most cases, a wedding insurance is an added expense you don’t need. This type of insurance can cost $300-400 dollars or more but it doesn’t cover much. A good credit card company will help protect any purchases made, especially if someone doesn’t deliver the correct bouquets, catering, etc. This is just a waste of money after already spending a lot to make sure your wedding is perfect.

7. Extended warranties.

All kinds of goods come with extended warranties with extra costs. The thing about these warranties is that they’re very specific. They don’t cover issues or repairs needed and even contain exceptions. Consider finding out the cost of common repairs first. If that costs less than the warranty, you can easily save money by not getting that extended warranty.

8. Home warranties.

Much like extended warranties, a home warranty includes a ton of exclusions. These exclusions are often ridiculous. A clause in the warranty stating that the items in your home must be properly maintained means that a couple of scratches will keep you from being able to use your warranty.

Do your homework. Make sure that the type of insurance you’re applying for is necessary and will not get you into more debt.

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