Insurance is one of those things that is rarely thought about until it is needed. When it is needed though, being properly covered can make the difference between weathering an accident and being ruined financially.

There are many types of insurance available, all offering policies featuring varying levels of coverage. With so many options from which to choose it can sometimes be difficult to know which insurance policies are right for you. The following are four types of insurance nobody should be without.

LIFE INSURANCE

It may be unpleasant or even difficult to think about, but there's going to come a time when we will all need life insurance. Funeral costs are high, and nobody wants to saddle their family with this financial burden.

In addition to funeral expenses, loss of income may affect families following the death of a breadwinner. Life insurance can help to mitigate this loss of income. If you are married, and/or have children and do not have life insurance you should shop policies right away.

CAR INSURANCE

Almost every one of the United States requires a vehicle to be insured before being operated on public roads. While older cars may require only a minimum amount of coverage, more valuable vehicles are often more fully insured against things like theft as well.

There are several types of car insurance available: