There are a wide range of insurance options on offer in Australia. Some are compulsory, such as car insurance, and some are optional, such as Life Insurance. Insurance aims to cover unexpected costs should the worst happen.
Most Australian households choose to be protected by one or more insurance policy. Common insurances include: life insurance, designed to financially protect your loved ones in the event of your death; and home insurance, designed to compensate you for damage or loss of property or possessions. Basic car insurance, which protects your car, yourself and other drivers in the event of accidents, fire or theft, is compulsory.
There are many other insurance options available in Australia, which offer financial protection for a range of occasions and circumstances, including holidays abroad, your wedding day, your pet and your business.
For more details on the different insurances available in Australia see: