How Is Health Insurance Different From Other Types Of Insurance? 
Well , it is different in that itis designed to dealwith your health care issues and the financial risks posed by illnesses and injury . This is quite different than other types of risk in life that a person needs to address . Your house might get struck by lightning and catch fire . Obviously this is not a health issue like cancer . So , you need to have homeowners insurance to protect your property and its contents . Similarly , you might be involved in a car accident and , while physically unharmed , you are faced with the repair or replacement costs of your vehicle and the liability for harm you may have caused if you were at fault in the auto accident . You would have auto insurance for this risk as health insurance just wo n't pay to have your fender replaced . There are a variety of financial risks that life presents us with and there are a variety of insurance products that address these specific needs . 