10 insurance policies that aren't worth the money

There are types of insurance that Americans don't buy enough – renters insurance, disability insurance, long-term care insurance, flood insurance. Then, there are others that we buy way too frequently and are, for the most part, a waste of money.

Today, I am more worried about the latter -- and there is good reason to be concerned. This morning, the New York Timespublished an op-ed column by Nobel Prize-winning economist Paul Krugman who wrote: "We are now, I fear, in the early stages of a third depression." Hammering that point home, more than one million people are expected to lose their unemployment benefits this week.

For most Americans, these are scary times and any extra money we have floating around can certainly be put to better use. So when it comes to that part of your budget earmarked for insurance premiums, here are the policies you should consider avoiding: