Insurance is a way to protect yourself from financial loss if something bad happens. There are different types of insurance like health, car, and home insurance. The main idea is that many people pay a little bit of money to a company, and if something bad happens to one of them, the company will help cover the costs. This system helps spread the risk among many people. Each type of insurance has its own rules and benefits. The goal is to make sure that if something bad happens, you won't have to pay for all of it yourself.