Health insurance, or health coverage, is a contract between you and an insurance company or a government program, according to the Centers for Medicare & Medicaid Services (CMS). It helps cover the costs of medical expenses, including doctor's fees, hospital bills, tests, and prescription medicine. 

Long-term disability insurance supports those who become unable to work. While health insurance pays for hospitalization and medical bills, you are often burdened with all of the expenses that your paycheck had covered. Many employers offer both short- and long-term disability insurance as part of their benefits package.

Property insurance is a broad category of policies designed to provide financial protection against damage or loss to a structure and its contents. It can also provide liability coverage if someone other than the owner or renter is injured on the property and decides to sue.