Types of Insurance
01.Protecting What Matters
There are four main types of insurance that most families have. Health Insurance pays for doctor visits, medicine, and hospital stays. Auto Insurance pays for car repairs if you get into a crash. Homeowners Insurance pays to rebuild your home if there is a fire or storm.
02.Life and Disability Insurance
Life Insurance provides money to a family if a parent passes away, helping support the kids. Disability Insurance pays a portion of a parent's salary if they get hurt and can't work for a long time. These coverages protect the family's income.
03.A Required Shield
Most states require car owners to have auto insurance to protect other drivers. Banks also require homeowners insurance before they will give you a mortgage. It's a standard part of responsible money planning.