As adults, we face a variety of risks on a daily basis. From health and disability to car and property damage, life can be unpredictable. To help mitigate these risks, it’s important to have the right insurance policies in place.

Here are 10 critical insurance policies every adult should consider:.

1. Health Insurance

Health insurance is one of the most important policies to have. This policy provides coverage for medical expenses, including hospital stays, doctor visits, and prescription drugs.

Without health insurance, even a routine medical procedure can result in significant financial hardship. Depending on your needs, you can choose between different types of health insurance, such as HMOs, PPOs, or catastrophic coverage.

2. Disability Insurance

If you rely on your income to support yourself or your family, disability insurance is a must-have. This policy provides income replacement in case you become unable to work due to an injury or illness.

Disability insurance can cover either short-term or long-term disabilities, and can be purchased as an individual policy or offered by your employer.

3. Long-term Care Insurance

Long-term care insurance provides coverage for services that are not typically covered by health insurance, such as nursing home care, home health care, and assisted living.

With the average cost of nursing home care in the United States exceeding $100,000 per year, long-term care insurance can help protect your retirement savings.

4. Life Insurance

Life insurance is designed to provide financial support for your loved ones in case of your death. There are two main types of life insurance: term life insurance and permanent life insurance.

Term life insurance provides coverage for a specific period of time, while permanent life insurance provides coverage for your entire life. Depending on your needs, you can choose between these two types of life insurance.

5. Auto Insurance

Auto insurance is required by law in most states. This policy provides coverage for damage to your vehicle, liability for any injuries or property damage you cause to others, and other optional coverage such as comprehensive or collision coverage.

To ensure that you are adequately protected, it’s important to choose the right coverage limits and deductibles.

6. Homeowners or Renters Insurance

Whether you own or rent your home, homeowners or renters insurance is essential.

Homeowners insurance provides coverage for damage to your home and personal belongings, liability for injuries or property damage to others, and additional living expenses if you are unable to live in your home due to a covered loss. Renters insurance provides coverage for damage to your personal belongings and liability for injuries or property damage to others.

7. Umbrella Insurance

Umbrella insurance provides additional liability coverage that goes beyond the limits of your primary insurance policies, such as auto and homeowners or renters insurance.

This policy can help protect your assets in case you are sued for damages that exceed your primary policies’ coverage limits.

8. Identity Theft Insurance

Identity theft insurance provides coverage for expenses related to recovering your identity, such as lost wages and legal fees. With identity theft becoming more common, this policy can provide peace of mind and protection against financial losses.

9. Pet Insurance

If you have furry family members, pet insurance can help cover unexpected veterinary bills. This policy can provide coverage for accidents, illnesses, and routine care such as vaccinations and check-ups.

10. Travel Insurance

Travel insurance provides coverage for unexpected events that can occur while traveling, such as trip cancellations, lost or stolen luggage, and medical emergencies.

Depending on your travel plans and risk tolerance, you can choose between different types of travel insurance, such as trip cancellation insurance or medical evacuation insurance.

By considering these 10 critical insurance policies, you can help protect yourself and your loved ones from many of life’s uncertainties.