Apart from vehicle insurance, there are several other types of insurance such as life insurance, homeowner's insurance, etc. The coverages for these types of insurances are mostly the same.

Part A

Why do banks require home insurance?

Part B

If you owned your home outright, would you pay for insurance?Why or why not?

Part C

Should states have no pay, no play laws for health insurance?Why or why not?

Part D

Explain how an insurance company can pay a large benefit even if it hasn't collected that amount from an individual's premiums.