What are the different types of insurance that people commonly have?

Rob: What are the different types of insurance that people commonly have?
I was wanting to know what insurance do people usually have I know that there is car insurance but others I am not sure since I wasn’t taught any of this. Please write the common types people have and what it does/covers. I was called the dermatologist to make an appointment and they asked if I had insurance, could someone explain why I would need it, also I believe im under my parent’s insurance how does this work. Again what are the common types/ what it covers, and the other two questions.

Answers and Views:

Answer by John
Ask your parents, I’m sure they know. There are literally hundreds of health insurance plans and they are all a little different. You should make sure you are on your parents’ plan, which if you’re under 26 you should be. You need health insurance (currently) only if you don’t want to pay for the whole thing yourself. The new Health Care Bill means you’ll need insurance eventually whether or not you use it.

Other kinds of insurance are homeowners insurance (protection against fire, floods, vandalism, liability if a guest gets hurt at your house), renters insurance (same thing but for apartments), general property insurance (you can take this out on anything, like a stereo or a music collection)… that’s all I can think of offhand.