Auto Insurance: In Canada, you need auto insurance to drive your car. Period. However, many different factors affect your premiums. Things such as age, make of car, driving experience and many other can affect how much of a premium you pay. You can be rewarded for good driving practices with lesser insurance premiums on your vehicle. This insurance cost can actually go down with the passage of time.
House Insurance: House insurance protects your house and its contents. Your house is often your biggest investment, so it is important to treat it as such. People need to insure their house, from unexpected damage, caused by a variety of factors. You also need protection if someone hurts themselves on your property. Finally both renters and home owners, should allows insure the contents of the house. Your prized possessions are important to you for a reason, and although money, can never replace the sentimental value, it is better than nothing.
Life Insurance: Your life is priceless, especially when you have a family. Many people choose life insurance as a way of protecting the financial future of their family if they were to pass away. It is not a pleasant thing to think about, but life insurance can leave one less worry for your family if you were to pass away. Emotional worries are tough enough, so financial worries should never be added at that time.