There are two types of insurance: health insurance and car insurance.
There is also a third type of insurance: rich people insurance. Rich people get it to cover a whole ton of other random things, like boats and businesses, but normal people don't have any use for this type.
Where do life insurance, homeowners insurance, and renters insurance fit?
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what about boating accident insurance too
I forgot about the first two
And I'm not familiar with the latter
Renters insurance is insurance on all your stuff in the apartment in case the building burns down or something like that. Sorta like homeowners except it’s not covering the building just the stuff inside the building.