You will need insurance for several areas of your life. Some are even required by law.
Insurance gives you protection against financial loss in exchange for a fee known as the premium.- Motor insurance- includes comprehensive, third party, or fire/theft.
- Renter’s insurance- covers the replacement of your property within a dwelling you are renting.
- Household insurance- provides coverage against loss due to fire, lightning, exposure, natural disaster, or damage from burst pipes.
- Life insurance – pays an amount of money to the beneficiaries in the event of the death of the insured.
- Health insurance will protect you from high medical costs of the following:
Prescription
Dental
Vision
Critical illness
Disability