Insurance is a financial product that provides peace of mind and protection against loss, damage or theft. You can protect almost anything, but most common focus on the things and people they love. For example, you can insure your home, car and phone. You can also protect your health and can even insure your life, so your family would be looked after if something were to happen to you.
If you're considering insurance, It may be worth looking at the things that you'd find hardest to cover yourself. For example, most people would not be able to replace all their belongings after a serious fire, or pay for medical treatment during a foreign holiday.
For other, smaller risks, you might instead just put regular savings aside in an emergency savings fund, rather than taking out insurance. We'll consider this in more detail in a future article.
Check out some of our protection solutions and see which ones are right for you. Find out more.