Flood insurance is needed these days because most of the homeowner insurance policies don't cover anything caused by water within, or getting within the house (except for hurricanes.) That means when your icemaker goes on the fritz and begins pouring water out the door's water spout and flooding your kitchen, ruining your toe kicks and baseboards... you need flood insurance for that.

Also, mortgage life insurance could be a misnomer. What mortgage companies require you to buy, is insurance that pays THEM if something happens to you, but you're still out on a limb (dependents are.) If you only mortgage 80% of the value of your home, then you don't have to pay this mortgage insurance. (the second "I" in PITI.)

It's best to have life insurance that pays you directly, and that is enough to make the mortgage payments, should one of the breadwinners dies.

I'm surprised that Credit Life Insurance wasn't on the list (maybe it was and I missed it?) That is a hugely bogus charge.

The extended warranties that this list goes against are those that double the coverage of the item, already covered by the manufacturer. Yes, having warranties that are beyond the regular coverage, especially for electronics, is a good thing...IF you aren't going to want to replace the old electronic thing when he dies anyway.

The only time life insurance for a child could be a good thing is for the first year, imo. If during that time the child is found to have an illness that would prevent her/him from ever being able to buy life insurance, having that insurance already that he/she can take over when grown, allows them to be covered when the wife/husband needs them to be (in the future.)

Most people don't read and know about insurances at all. Anytime you can shake them and wake them and make them think about this is a good thing!

IMO