Insurance, by definition, is a contract by which a company, in consideration of a sum of money or percentage, agrees to indemnify the insured against loss, injury death, etc. by certain risks. Different types of insurance include any type of motorized vehicle (auto, motorcycle, RV, boat, jet ski, etc). Property insurance includes (primary residence, rental dwellings, condos, apartments, commercial buildings, etc.). Other types of insurance is for people (i.e. Life, Health, Disability, Workers Compensation, etc) One kind that is mandatory is auto insurance; if you are financing your vehicle and the state you live in requires liability coverage, you’ll probably need “full-coverage”. Another kind that is mandatory is Homeowner insurance if you own and are financing your home. Your mortgage company requires that you maintain insurance until your loan is paid in full. You should contact a local independent insurance broker who can provide you with competitive quotes on the type/s of insurance to suit your needs. LOL