There are several types of insurance designed to protect individuals and businesses from financial loss. The most common types include health insurance, which covers medical expenses; auto insurance, which protects against vehicle-related damages; and homeowners insurance, which safeguards homes and personal property. Each type serves a specific purpose and can vary in coverage and cost. Another important category is life insurance, which provides financial support to beneficiaries after the policyholder's death. Additionally, business insurance helps companies manage risks associated with operations, such as liability and property damage. Understanding these types can help individuals make informed decisions about their coverage needs.