“Insurance: an ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table” The Devil’s Dictionary 1911
Insurance is about guarding against the unlikely and protecting against the unexpected , whether it is damage to your possessions or to yourself. Life insurance, as well as providing some financial compensation for unexpected termination, can be used as an important investment vehicle.
For a good general introduction to the subject, see the FSA’s site: http://www.moneymadeclear.fsa.gov.uk/products_explained/insurance.html
For travel insurance see our topic page on Insurance, health and safety
For car insurance:
See our "Child's guide for life insurance, particularly for the over 50s",
See also the cost comparison sites: