Auto insurance typically covers liability for injuries or damages to others, collision damage to your own vehicle, comprehensive damage (theft, vandalism, natural disasters), and medical payments.
Home insurance typically covers property damage, personal belongings, liability protection, and additional living expenses in case of displacement.
Health insurance typically covers doctor visits, hospitalization, prescription drugs, preventive care, and emergency services.
It depends on factors like income replacement, debts, future expenses (e.g., education), and your family's financial needs.
Business insurance can cover liability, property damage, employee injuries (workers' compensation), and business interruptions.
If your down payment is less than 20% on a conventional loan, Private Mortgage Insurance (PMI) is typically required.