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Insurance is a protective measure, coverage of an individual, group, or business in which the individual or entity receives financial protection or reimbursement against losses, damages or health-related expenses. Usually this is done by a group of people (insured parties) paying into one large pool of funds that will cover the risks and associated costs of the entire group of people. Why is insurance important?
When risk of damages, or loss of your home or car is low, or the expense of repair is not too high, one can assume risk. When it is too costly to assume risk, we need other ways to manage it such as insurance.
There are several different types of insurance, including home owner’s, auto, life, and credit, that can save you from paying hundreds, or even thousands in the long run. Most Types of insurance are optional, while some, such as auto liability insurance, are mandatory by law. It is important to know what each kind of insurance can do for you, in order to make plans accordingly.
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Insurance 
