Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.
Auto insurance policies protect you against financial loss if you have an accident. It is a legally binding contract between you and the insurance company, which outlines the terms and conditions of coverage.
Insurance companies selling business insurance offer policies that combine protection from all major property and liability risks in one package.
Life insurance is more than just a 'nice-to-have' item; it is an important aspect of sound financial planning - a wise and strategic money move, comparable to saving for retirement.