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What are types of insurance?
Posted: Mon Aug 25, 2025 6:50 pm
by Stockfocus
There are several types of insurance, each geared toward different needs. Most familiar are life insurance, health insurance, auto insurance, home insurance, and travel insurance.
There are other types more focused on businesses, such as liability and workers' compensation insurance. Each cushions against risks particular to either life or work. Which type of insurance do you think is most relevant today? Are you more concerned with health, life or property insurance?
Re: What are types of insurance?
Posted: Wed Aug 27, 2025 8:37 pm
by Festus
Stockfocus wrote: Mon Aug 25, 2025 6:50 pm
There are several types of insurance, each geared toward different needs. Most familiar are life insurance, health insurance, auto insurance, home insurance, and travel insurance.
There are other types more focused on businesses, such as liability and workers' compensation insurance. Each cushions against risks particular to either life or work. Which type of insurance do you think is most relevant today? Are you more concerned with health, life or property insurance?
You are right! Insurance is very important. If you witness rising medical costs and realize that one health issue can wipe away all your savings, then health insurance would be a life saver.
Re: What are types of insurance?
Posted: Wed Aug 27, 2025 8:49 pm
by Tunde
Stockfocus wrote: Mon Aug 25, 2025 6:50 pm
There are several types of insurance, each geared toward different needs. Most familiar are life insurance, health insurance, auto insurance, home insurance, and travel insurance.
There are other types more focused on businesses, such as liability and workers' compensation insurance. Each cushions against risks particular to either life or work. Which type of insurance do you think is most relevant today? Are you more concerned with health, life or property insurance?
Life insurance is a very important type of insurance, especially when you have someone that depends on you.