There are many different types of insurance you can buy, depending on what you need and your risk exposure. If you are a homeowner, you can buy homeowner’s insurance. Other types include rental insurance, and, in the State of Nevada, automobile insurance is required if you are going to be driving. Those types of insurance are the necessary types, but there are also special types you can buy such as life insurance, disability insurance, disease policies and cancer policies.
The premiums you pay for these policies are the promise that if you get ill, the insurance company will pay you a payment or lump sum. You can insure many types of events.