Insurance coverage can be purchased for all kinds of reasons. The most common is protection against damage to property in accidents, natural disasters, theft and then there is life insurance or family insurance. We can therefore talk of property insurance, mortgage insurance or renters insurance. On can also buy health care insurance or dental insurance. With this one can get medical care for most of the services not covered by the government. The people that work in the insurance industry can be called insurance agents or insurance brokers. When one buys insurance a contract is drawn between the person and the insurance company, which is called an insurance policy. This a legally binding document that details the amount and frequency the of premiums to be paid by the insure and his/her rights and those of the company. Insurance is an indispensable cost of modern living, which protects against loses.