Protecting Your Money·1 min lesson

Insurance Basics

Transfer financial risks that would be hard to absorb alone.

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The short version

Insurance does not prevent bad events. It helps transfer part of the financial cost in exchange for premiums.

Health, auto, home or renters, disability, and life insurance protect different risks. Deductibles are the amount you generally pay before coverage responds.

Coverage needs and exclusions matter more than simply having a policy name.

2 min challenge

Are You Covered?

Your things are stolen from your rented home. Which insurance may help?

Fictional educational simulation. It does not use your financial information or guarantee an outcome.