What are the 3 main types of insurance?

There are three main types of insurance:

Life Insurance: This type of insurance provides financial security for your loved ones in case of unexpected death. It pays a certain amount to your beneficiaries when you die.

Health Insurance: This type of insurance covers medical expenses including hospitalization, doctor visits, and prescription drugs. It is designed to protect you from the financial burden of unexpected medical expenses.

Property and Casualty Insurance: This type of insurance covers liability for damage to your property or possessions as well as injuries or damage to others. This includes home insurance, car insurance, and liability insurance.