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 helps mitigate risks associated with everyday life. Another important category is life insurance, which provides financial support to beneficiaries after the policyholder's death. Additionally, disability insurance offers income replacement if an individual is unable to work due to illness or injury. Understanding these types can help individuals make informed decisions about their coverage needs.