Insurance in the U.S. — What You Really Need Understanding different types of insurance in the United States can help you make smarter financial decisions and avoid major risks. Whether you're a student, immigrant, or new resident, here are four types of insurance you should know about. 1. Health Insurance This is the most important type of insurance in the U.S. It helps cover doctor visits, hospital bills, emergency care, and medications. Without it, medical costs can be extremely high. 2. Auto Insurance Mandatory in nearly every state, car insurance protects you in case of accidents, damage, or injury. Basic coverage includes liability, but full coverage includes damage to your own car too. 3. Life Insurance Life insurance ensures that your family has financial protection if something happens to you. There are two main types: term life and whole life insurance. 4. Renters or Homeowners Insurance This covers your home or apartment and your belongings from risks lik...
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