Transfer the risks that could break the plan
Insurance can make sense when a loss would be too large or too disruptive to pay from savings. The right coverage depends on the household, the asset, the contract, and the risk you are actually trying to manage.
Keep the layers connected
A deductible affects the reserve you need. A coverage limit affects the value of an inventory. A policy premium affects the monthly budget. Review those pieces together rather than buying each one in isolation.
Revisit after change
A move, new job, new driver, new dependent, major purchase, or debt payoff can change the balance. Recheck what you own, what you owe, and what your policies say when life changes.