Insurance is a word that is thrown around a lot and it means quite a few different things, car insurance, health insurance, disability insurance, there is even pet insurance. Simply put, insurance is when you (or a business) pay a small amount of money, this protects you against the unknown, a car accident, a health problem, or a pet getting sick.. These transfers protect you the individual from any risk, just in case something does happen. There are quite a few different kinds of insurance in terms or protection types. Below, we will be going over each type of insurance, benefits, information, etc.