What types of insurance does every adult actually need?

Most adults genuinely need a few core types of insurance. Health insurance is essential since medical bills are the leading cause of bankruptcy in the US. Auto insurance is legally required if you drive. Renters or homeowners insurance protects your belongings and shields you from liability if someone is injured on your property. Life insurance matters if anyone depends on your income, particularly a spouse, children, or aging parents. Disability insurance is often overlooked but critical, since you're statistically far more likely to become disabled than to die during your working years, and most people couldn't survive months without a paycheck. Beyond these, most other insurance products are situational. The goal is covering catastrophic losses you genuinely couldn't absorb financially on your own.