Health insurance is insurance that pays for medical expenses . It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. http://selfindeal.com/

1. Various types of insurance

2. Health Insurance
Health insurance is insurance that pays for medical expenses .
It is sometimes used more broadly to include insurance
covering disability or long-term nursing or custodial care needs.
It may be provided through a government-sponsored social
insurance program, or from private insurance companies. It
may be purchased on a group basis (e.g., by a firm to cover its
employees) or purchased by individual consumers. In each
case, the covered groups or individuals pay premiums or taxes
to help protect themselves from high or unexpected healthcare
expenses. Similar benefits paying for medical expenses may
also be provided through social welfare programs funded by
the government. By estimating the overall risk of healthcare
expenses, a routine finance structure (such as a monthly
premium or annual tax) can be developed, ensuring that
money is available to pay for the healthcare benefits specified
in the insurance agreement. The benefit is administered by a
central organization such as a government agency, private
business, or not-for-profit entity.

3. Auto Insurance
All insurance provides protection to consumers by covering certain risks and
promising to pay for financial losses caused by these risks.
Auto insurance is one of the most used types of personal insurance. Most states
require that you purchase some kind of insurance coverage to drive legally in the
state. Auto insurance can be divided into two basic coverage areas: liability and
property damage.
Liability
Most auto insurance policies contain three major parts: liability insurance for
bodily injury, liability insurance for property damage and uninsured/under-insured
motorists coverage.
Bodily injury liability insurance protects you against the claims of other people
who are injured in an accident for which you were at fault. Their claims for bodily
injury may include medical expenses, lost wages, and pain and suffering.
Property damage liability insurance pays for any damage you cause to the property
of others. This includes not only damages to other vehicles, but also other
property such as walls, fences and equipment. Uninsured motorists coverage
protects the policy holder directly. This coverage pays if you are injured by a hit-
and-run driver or a driver who does not have auto insurance.

4. Property Damage
Property damage coverage may include both collision
coverage and comprehensive coverage.
Collision coverage pays for physical damage to your car as
the result of your auto colliding with an object, such as a
tree or another car. This coverage is optional and not
required by law. However, collision insurance may be
required by your lending institution or lessor. In the case of
an accident involving an older car, the cost of repairing the
car can quickly exceed the worth of the car. In this case,
insurers will “total” the car and pay you what the car was
worth rather than fixing it.
Comprehensive coverage pays for damage to your auto
from almost all other causes, including fire, severe weather,
vandalism, floods and theft. Comprehensive coverage also
will cover broken glass, such as windshield damage. You are
not required by law to carry comprehensive coverage.

5. Life Insurance
Life insurance is protection against financial loss resulting from death. It is
an insurance company's promise to pay your beneficiary a specific amount
of money when you die in exchange for timely payment of premiums.
Why do I need life insurance?
Although you may not think about it, your ability to earn income is a
significant asset and life insurance helps replace lost income in the event
of your premature death. Here are some reasons people buy life
insurance.
The death benefit may be used:
To replace income the family would need to maintain their standard of
living after the death of a wage earner. To pay off a mortgage loan and
other personal and business debts or to create a rent fund. To create a
fund for children's education. To pay final expenses, such as funeral costs
and taxes. To create a family emergency fund or a fund for a family
member with special needs.

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