There are four types of insurance policies: life, health, auto, and homeowners. Each type of policy has different coverage options available.
Life insurance covers the death of the policyholder. The death benefit can be used to pay for funeral expenses, outstanding debts, or living expenses for the policyholder's family. Health insurance covers medical expenses for the policyholder and their family. Coverage options vary depending on the health insurance plan, but may include doctor's visits, hospital stays, prescription drugs, and preventive care. Auto insurance covers damages to the policyholder's car in the event of an accident. It may also cover damage caused by weather events or vandalism. Homeowners insurance covers damages to the policyholder's home in the event of a fire or natural disaster. It may also cover theft or vandalism.