<human>:  What are the different types of insurance and how do they work?
<bot>: The different types of insurance include health insurance, life insurance, property and casualty insurance, liability insurance, and auto insurance. Health insurance generally covers medical expenses related to illness or injury. Life insurance is a financial protection that pays out a sum of money upon your death or upon the completion of a certain period. Property and casualty insurance is designed to protect you from financial risks due to damage or destruction of your property from various causes, such as fire, theft, or natural disasters. Liability insurance is designed to protect you for legal claims made against you for injury or damage you may have caused to someone else. Auto insurance generally covers financial losses related to accidents, theft, and other damage to your car.