With all the insurance plans available (including insurance policies for insurance policies), you might want to take a moment to really think: Do I need "Inconvenience Insurance?"

If you have a fear of being inconvenienced, maybe. But, for most people, it's probably a lot more helpful to know which plans just don't make fiscal sense.

AOL Money & Finance has a new feature that clears the air (and dishes the dirt) on the insurance policies you must absolutely avoid. Or, at least think over carefully before acquiring. For example:

Identity Theft Insurance: Don't bother, says Consumer Reports. Just check your credit report regularly.

Extended Warranties: If you total your car, it won't make a lick of difference, since insurance companies will only give you the Blue Book value.

Inconvenience Insurance: Yep, you heard it right. If it rains on your vacation or you lose your iPod, you could strike it rich. Or, something like that. Avoid it.

On the subject of insurance, however, you might take some advice from WalletPop's Tracy Coenen, who says liability insurance is worth it, especially for consultants (legal, technical, etc.). Why? Because everybody makes mistakes.

B. Brandon Barker is the author of the novel Operation EMU.