Insurance
3 types
Health Insurance
Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider. Can be provided by work or yourself. If something unexpected happens like a car accident and you need surgery that is where health insurance comes in. Also the day to day doctor appointments also are included under health insurance.
Life Insurance
Insurance that pays out a sum of money either on the death of the insured person or after a set period. Some work companies will pay for it, or you have to buy it yourself. No one wants to admit it, but it can happen people die things happen. Having life insurance makes it that much easier for your family after you pass. They don't have to worry about paying for everything themselves.
Auto Insurance
A policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage.Usually you will have to pay for this your self. Car accidents happen all the time and its not always your fault this will help pay for your car if something happens to it.