Insurance programs are financial products designed to protect individuals and businesses from unexpected losses. They work by pooling resources from many people, allowing the insurance company to cover the costs of claims made by those who experience a loss. Common types of insurance programs include health insurance, auto insurance, and homeowners insurance, each tailored to specific needs and risks. When you enroll in an insurance program, you pay a regular fee called a premium. In return, the insurance company agrees to help cover certain expenses, such as medical bills or property damage. This arrangement provides peace of mind, knowing that you have financial support in case of emergencies.