There are various types of insurance, each designed to cover specific risks. Some common types include:
- Life Insurance: Provides financial support to beneficiaries in case of the policyholder’s death.
- Health Insurance: Covers medical expenses, ensuring access to quality healthcare.
- Auto Insurance: Protects against vehicle-related damages and liabilities.
- Home Insurance: Covers damages or losses to a home and belongings.
- Travel Insurance: Assists travelers in case of emergencies like trip cancellations or medical issues.
- Business Insurance: Protects businesses from risks like property damage and liability claims.
Each of these insurances offers specific advantages, ensuring protection against financial losses.