Accidents happen. Whether they are from a natural disaster such as tornado or an unexpected collision such as with motor vehicles, accidents can take a toll on an individual and his or her family. This toll takes many forms, from financial to physical and even emotional. It’s important for all Americans to stay protected. This protection comes in large part from insurance. Insurance companies offer plans that provide financial protection from everything ranging from motor vehicle accidents to unexpected trips to the hospital. How insurance works is revealed through a quick glance at auto insurance: Private insurers pay around 50% of all motor vehicle crash costs. High risk equals higher rates: Young people between 16 and 25 have some of the highest auto insurance rates overall. Every speeding ticket raises your auto insurance rate. One important type of insurance many Americans have is homeowner insurance. Home insurance contains protection from many of the issues that may befall a home: theft, lightning, fire, wind, or hail, among many others. Insurance companies will then pay for the repairs of such damage. In 2012, 7.2% of insured homes had a claim. When looking into home insurance, ask questions about what is covered and