Do you know insurance? Nowadays, it becomes the must have thing, buying different kinds of insurances becomes a habit and also the protection for our common life. What do you know about insurance? Buying insurance is a means by which people can protect themselves from large losses.

Protection against fire is one kind of insurance. Large numbers of people say small sums of money to an company. Although thousands of people have paid for fire insurance, only a few will lose their homes by fire. The insurance company will pay for these homes out of the sums of money it has collected.

The first modern fire insurance company was formed in London, England, in 1666. A great fire had just destroyed most of the city, and people wanted protection against further losses. The first company grew rapidly. Soon other companies were founded in other areas.

Benjamin Franklin helped form the first fire insurance company in America in 1752. He also suggested a new kind of insurance for farmers. The new insurance would offer protection against the loss of corps by storms.

In 1759, Benjamin Franklin helped start another new company in America. This company, which offered life insurance, collected some money regularly from many different men. If a man died, his family was given a large sum of money. Today, this company is still in business.

Over the years, people have been benefited from many new kinds of insurance when they have suffered from such accidents as car and plane crashes. Today, almost everyone has some kinds of insurance. There are insurance for your hospitality, insurance for the car accident losses, insurance for fire losses, the insurance for the safety of some part of the body. For example, the hands models always buy large sums of insurance for their hands; and so on. What kinds of insurance do you have?