More than two years ago, a Florida couple called up a supplemental insurance provider to take out a disability coverage plan in case the wife became pregnant. Her work doesn’t cover maternity leave, but the policy would help pay the bills while cared for the child. That is, if the insurer had sold them the correct policy.
There are some hard and fast rules about what is and is not worth insuring. Blackjack hands in which the dealer is showing an ace — no. Cars — yes, as is required by law. Health — only if you don’t want to go bankrupt. It’s a trickier proposition when it comes to smartphones.