Auto insurance: When you meet with an accident you may suffer financial loss. Auto insurance protects you against this financial loss. There is a contract between you and the insurance company. You assent to pay the premium and the insurance company agrees to pay your losses as defined in your policy. You are provided with property, liability and medical coverage in auto insurance. For the damage and theft of your car you are provided with property coverage, for your legal responsibility to others for bodily injury or property damage you are provided with liability coverage and for the cost of treating injuries and rehabilitation you are provided with medical coverage. The auto policies are for duration of six months to a year. The insurance companies notify you by mail about the time to renew the policy and to pay your premium.

Home insurance: In natural disasters your home may suffer serious damages. These damages are compensated by the home insurance. Certain types of disasters, such as flood and earthquakes that require additional coverage are excluded in some geographical areas. Home insurance do not include maintenance-related problems. The insurance policy may include catalog. For people who rent house this can be bought as a separate policy. Some insurance companies may offer a package which may include liability and legal responsibility for injuries and property damage caused by household members which also includes the pets.

Health insurance: The publicly-funded health programs cover the cost of medical treatments in health insurance policies. It also includes the dental insurance which is coverage to protect the individuals against dental costs.

Life insurance: Life insurance provides a financial benefit and income to an insured person's family. This also includes the funeral and other final expenses if needed. Life insurance policies pay the beneficiary either as bulk cash payment or in the form of an annuity. Annuities offer a stream of payments and they are issued by the insurance companies. Life insurance is a tax-efficient method of saving as well as protection in the event of early death.

Property insurance: Protection against risks to property, such as fire, theft or damage due to natural calamities is provided by the property insurance. Fire insurance, flood insurance, earthquake insurance, home insurance, and boiler insurance come under property insurance. Damage of the machinery or equipment is covered by the boiler insurance.

Liability insurance: It covers all the legal claims against the insured. Liability coverage is included in many types of insurances. For example, a homeowner's insurance policy, directors and officers liability insurance, professional liability insurance, prize indemnity insurance as well as an automobile insurance includes an aspect of liability insurance. Liability insurance policy offers a dual protection, a legal defense and payment on behalf of the insured with respect to a settlement. Liability policies cover only the negligence of the insured.

Credit insurance: When the borrower suffers from problems such as unemployment, disability or death, credit insurance refunds some or his entire loan.