property damage insurance 

 :insurance protecting against all or part of an individual’s legal liability for damage done (as by his or her automobile) to the property of another   

life insurance 

 :insurance providing for payment of a stipulated sum to a designated beneficiary upon death of the insured   

health insurance 

 :insurance against loss through illness of the insured :insurance providing compensation for medical expenses  

accident insurance 

 :insurance against loss through accidental bodily injury to the insured   

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder.