Read on to find out more about nine common types of insurance you may want to consider buying.

• Health insurance. Health insurance is the single most important type of insurance you’ll ever buy.
• Dental insurance.
• Disability insurance.
• Life insurance.
• Pet insurance.
• Homeowners or renters insurance.
• Flood insurance.
• Car insurance.

What type of insurance is mandatory to have?

California requires drivers to carry at least the following auto insurance coverages:

• Bodily injury liability coverage: $15,000 per person / $30,000 per accident minimum.
• Property damage liability coverage: $5,000 minimum.
• Uninsured motorist bodily injury coverage¹: $15,000 per person / $30,000 per accident minimum.

What kind of insurance do you need for Your Life?

There are however, four insurances that most financial experts recommend that all of us have: life, health, auto and long-term disability. Each one of these covers a specific aspect of your life and each one is very important to your financial future. The greatest factor in having life insurance is providing for those you leave behind.

What kind of insurance do I need for my house?

General Liability. This type of insurance policy (sometimes called public liability or premises liability) will cover any personal injury or property damage that you may cause and be held legally liable for.

What kind of insurance do you need for a commercial building?

The landlord of your commercial building will likely require that you maintain the following types of commercial property insurance policies: General Liability. This type of insurance policy (sometimes called public liability or premises liability) will cover any personal injury or property damage that you may cause and be held legally liable for.

What are the different types of life insurance?

The two basic types of life insurance are traditional whole life and term life. Simply explained, whole life can be used as an income tool as well as an insurance instrument. As long as you continue to pay the monthly premiums, whole life covers you until you die. Term life, on the other hand, is a policy that covers you for a set amount of time.