Beware Dubious Insurance Policies for Doctors

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Careful Consideration is Required

[By Dr. David Edward Marcinko MBA MBBS]

Dr. David E. Marcinko MBAThe following insurance policies should be carefully considered before purchase, since they may be unnecessary, too expensive, provide only minimal benefits, or be duplicated in your other policies.

The Culprits

Disclosure: I was a licensed insurance agent for more than a decade.

So, the culprits include: credit life or home mortgage insurance  (decreasing term), life insurance for children, accident policies for students, hospital indemnity policies, dread disease insurance, credit card insurance, pet health insurance, life insurance for the elderly, funeral insurance, flight insurance, pre-paid legal insurance and most extended warranties on automobiles, televisions, stereos, home computers; other gadgets and the like.

New wave Health 2.0 culprits include: terrorist insurance, cyber security insurance and reputation management policies.


On the other hand, the following types of coverage may be important, for some medical professionals, and in selected cases: trip cancellation insurance, termite insurance and flood and earthquake insurance.

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One Response


    There’s no doubt that credit card fraud and identity theft represent scary, increasingly prevalent problems, but paying $100 or so a year for credit monitoring and fraud insurance doesn’t necessarily provide useful protection.

    Most banks and credit card companies monitor and safeguard their clients — for no additional fee — by issuing alerts and account freezes when they detect suspicious activity, and they almost always waive responsibility for fraudulent charges.

    Dr. David Marcinko MBA


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