Insurance helps you protect yourself against risks and financial loss. For example:
- Health insurance may pay you money if you become ill and are not able to work.
- Life insurance may provide your family or spouse with money if you die.
- Travel insurance may pay for medical treatment if you have an accident while on holiday.
- Car insurance may pay for repairs if you have an accident.
There are many different types of each kind of insurance. These protect you against different things. It is very important to understand what you are covered for and how much money you will receive if you need to claim.