Rossen Reports: Say no when you’re offered this type of insurance

There are a lot of purchases we make and they ask; do you want to buy the insurance? You might think protecting whatever you just bought is obvious, right? Before you say yes, experts say these are three types of insurance policies you don’t need to cash in on.Extended Store Warranties: Let’s say you buy a television, the manufacturer offers you a warranty and then the store offers you an extended warranty on top of that. You don’t need the extended store policy. The manufacturer’s warranty will often cover a certain amount of time or it will cover the item's life expectancy. And if they don’t replace the item completely, they’ll repair it. Most of the time, it costs less to repair an item than the cost of an extended warranty. Rental Car Insurance: You might be better off without it because your primary auto insurance might have coverage for rental cars. For example, Progressive says if you carry comprehensive and collision coverage on your auto policy, you'll be protected against physical damage to your rental car. So before you go, check with your own auto insurance company first.Travel insurance: It can add hundreds of dollars onto your vacation costs. But hotels and airlines have friendlier policies. Most hotels will let you change or cancel your reservations up to a certain point — some are even 24 hours before. Even airlines have more flexible change policies if you need to reschedule. Travel experts say travel insurance is only necessary for non-refundable reservations you’ve made. And if you’re planning a multi-destination trip that is taking a huge chunk out of your budget. Remember, credit cards offer a lot of protections. Some offer extra warranties on big purchases and car rentals. And travel credit cards offer insurance perks as long as you use your card to book your trip too. So make sure to check your policy.