Last Updated on March 31, 2021
The insurance market is extremely complex. There are lots of insurance companies offering different types of insurance coverage, with different access conditions, rights, duties, and even different prices depending on the circumstances of the person who’s applying. So it is not surprising that the average consumer finds all this rather confusing.
In addition, insurance premiums can be very expensive and significantly impact someone’s monthly budget. This could be hard on those who earn less than the average wage. But it is what people often call a “necessary evil”: it’s one of those things that you’ll be glad to have in case something serious happens in your life – and if you never need to activate your insurance, well, then you should be glad that life hasn’t brought you any major problems.
Here are some types of insurance that you need to have:
