Insurance needs refer to the specific types and amounts of coverage that individuals or businesses require to protect against potential risks. These needs can vary based on factors such as age, health, financial situation, and lifestyle. Common types of insurance include health insurance, auto insurance, homeowners insurance, and life insurance. Assessing insurance needs involves evaluating potential risks and determining the appropriate coverage to mitigate those risks. For example, a young family may prioritize life insurance and health insurance, while a business owner might focus on liability insurance and property insurance. Understanding these needs helps ensure adequate protection and financial security.