What are the 5 most common types of insurance?

 

The five most common types of insurance are:

1.Auto Insurance: Mandatory in many places, it covers damage to vehicles and liability for injuries and property damage caused by the insured driver.

2.Health Insurance: Provides coverage for medical expenses, including doctor visits, hospital stays, and prescription drugs.

3.Homeowners/Renters Insurance: Protects against damage or loss of property and liability for injuries that occur on the property.

4.Life Insurance: Offers financial protection to beneficiaries in the event of the insured person's death.

5.Disability Insurance: Provides income protection if the insured person becomes unable to work due to illness or injury.