Insurance brokers will try to entice you with Insurance Add Ons(Extra Protection at Sales Time) when you purchase Insurance Policy for Car or Travel. But, Should we really buy them? Go through this presentation and take precise decision.

1. Insurance Add Ons
Insurance add-ons; boon or fad?

2. What are Insurance Add Ons?
• Add-on insurance is the extra protection offered at sale time that
promises you'll be reimbursed for the loss or damage of any goods.
• The phrase "add-on insurance" may sound foreign, but if you've ever
bought a car or booked airline tickets, then you've most likely dealt with
it.

3. Who Sells Insurance Add Ons
• Apart from Insurance brokers, Sellers of products, from cars to
homes to travel packages, are also the ones hawking the add-
on insurance plans. In the past, you may have encountered a
check-out clerk inquiring if you want insurance for your new
TV, or when making a flight reservation, an online form may
have asked you if you want additional travel protection.

4. Should You Buy Insurance Add
Ons?
• According to many Insurance Companies consumers should be
cautious about buying "Add-On" Insurance.
• Add-on insurance can be extraneous and even when the
coverage is needed, the policies can be overpriced.

5. You May Have Already Covered
• For instance, many car insurance policies also insure you for
the same amount on your rental car, or some premium credit
cards provide travel protection or loss of physical property.
Start by reviewing the terms of your life, health, disability,
home and auto insurance plans and seeing specifically what
their coverage entails.

6. Why Add-On Insurance Costs More
Even if you've identified a gap in coverage, you still may want to seek
sources outside the point of sale to obtain additional insurance. The
reason is that add-on insurance offered by the seller is usually more
expensive.
The seller - whether it's a car sales
agent or an online travel site -
receives commissions from
insurance companies for signing you
up for their insurance package. And
typically, retailers choose insurers
who hand out the biggest kickbacks,
upping the seller's price of
insurance. That's why add-on
insurance tends to be pricier than if
you were to seek out insurance
coverage on your own.

7. Choose Insurance Add Ons
Carefully
After you decide what coverage you have - or don't have, the
next step is finding a provider to cover the holes. To get the
best deal, don't forget to research via the internet, call up
insurance agents as well as multiple providers and compare
prices.

8. Thank You