Insurance is a way to have protection from financial losses. That coverage provides a guarantee of compensation for individuals in return for a payment of a premium.
3. Renter’s insurance
The homeowner is your landlord and likely has insurance for the dwelling and furnishings if provided as part of your lease agreement.
4. Life Insurance
Life insurance is protection for families that are fully or partially dependent on your income. If a working parent passes away, their income is lost.