Types of Insurance Home Liability Disability Personal property Auto Life Purchasing insurance can be confusing, because even a basic policy typically includes unfamiliar terminology and legalese. As a result, some people may rush the process and fail to ask the right questions. It’s important to read the fine print in your insurance policies and make sure you grasp the details. Of course, there isn’t a single, all-inclusive policy that works for everyone. The insurance decisions you make should take your age, family situation, and financial picture into account.