Health and Disability Insurance: This is the big one. Whether you get it through your employer (or a spouse or partner’s employer), through a labor organization or union, or individually through the federal health insurance , Your health is your most important asset—putting aside all of the controversies around it, health insurance makes sure you can preserve it.
Homeowner’s or Renter’s Insurance: Whether you own your own home or you’re renting from a landlord, you should have some kind of property insurance that protects your belongings in the event of a fire, burglary, weather event, or some other man made or natural disaster.
Auto Insurance: If you don’t drive or don’t own a vehicle, you can skip this one, but if you do, you should absolutely have at least the minimum required auto insurance coverage for your state. Ideally, you’d have more, since some states only require you carry enough coverage to insure against the damage of another vehicle or injury or death of another person should you be at fault in an accident.
Life Insurance: Life insurance is also important, but it’s often overlooked. Like health insurance, most people get life insurance through their employer. It’s designed to make the lives of your spouse, children, or parents a little easier in the case of your death.