Create an insurance plan. as you create the plan, think about all of the risks this family faces and how they can protect themselves from financial loss. next to each type of insurance that you list in the plan, write one to two sentences about why you think they need this insurance.

Auto Insurance- It covers your expenses in the event of vehicle damage or injuries to other drivers, passengers or pedestrians. All motorists must be insured against their liability to other people, as stipulated in the Road Traffic Act 1988.Homeowners/Renters Insurance- Covers your belongings from theft and damage. It provides liability coverage if someone is injured while in your apartment.Umbrella Policy- This type of insurance policy is designed to help protect you from major claims and lawsuits and as a result it helps protect your assets and your future.Provides additional liability coverage above the limits of your homeowners, auto, and boat insurance policies.Health Insurance- Uninsured people receive less medical care and less timely care, they have worse health outcomes, and lack of insurance is a fiscal burden for them and their families. Moreover, the benefits of expanding coverage outweigh the costs for added services.Long-Term Disability Insurance- Once the employee's short-term disability insurance benefits expire (generally after three to six months), the long-term disability insurance pays an employee a percentage of their salary, typically 50-70 percent.Term Life Insurance- Guarantees payment of a death benefit during a specified term. Once the term expires, the policyholder can either renew for another term, convert to permanent coverage, or allow the policy to terminate.Long-Term Care Insurance- Typically capped at one year. Not only are they less expensive, but they may also be available to older seniors or those who aren't otherwise eligible for long-term coverage. Life/long-term care insurance.Identity Theft Protection- no service can protect you from having your personal information stolen.Monitoring and recovery services are often sold together, and may include options like regular access to your credit reports or credit scores.