Essentially you are just a compilation of risk. You may believe that you don’t need insurance for you or for your family and that you will take your chances on staying healthy and safe but taking this risk could cost you everything that you have worked for. The following are the basic forms of insurance that every person should have regardless of their race, age, or nationality and the reasons why you don’t want to get caught without them.

Health insurance is a big topic and one that is getting much attention in the U.S. right now. One accident or injury that needs treatment can be enough to wipe you out financially in both the short and potentially the long term. Many people have to declare bankruptcy due at least in part to unpaid medical expenses and others prolong treatment until it is too late. A health insurance policy is something that is necessary for everyone from birth until death.

Car insurance is of course a form of insurance that most people realize they need, mostly because the law says they must have it to drive. Even if you are an excellent driver you can wind up with injuries and property damage from someone else’s negligence so it is important to make sure that you have insurance coverage to take care of these issues just in case.

Life insurance is another thing that especially younger people don’t think that they need. Death is not guaranteed to hold off until late in life so it is advisable to carry at least a minimal life insurance policy even if you don’t have any dependents. Life insurance can cover you pretty cheaply if you are young and in good health but it can really help your loved ones pay for burial and funeral expenses that could set them back quite a bit. Everyone should have at least a minimum life insurance policy.

Home owners and renters insurance policies are very important no matter where you live. Believe it or not, even the most modest of home furnishings can cost a lot to replace. When taking out a policy like this make sure that they cover your stuff not at the actual value but at the replacement value. If you lose everything you won’t have time to shop around for bargains you will need replacements right away and the best way to get that is through a replacement value policy.

If you are looking for Group health insurance you might want to look around everywhere before deciding on just one. Health insurance plans are not hard to get, but narrowing down on just one that is perfect for you can be tricky.