Which of the following is a common type of insurance?

Home insurance is a common type of insurance because it provides financial protection to homeowners against various risks, such as damage to the property due to fire, theft, vandalism, or natural disasters. It typically covers the structure of the home as well as personal belongings within it. Additionally, home insurance often includes liability coverage, which can protect homeowners in the event of accidents that occur on their property.

While insurance related to investments, schools, and vacations does exist, they are not as universally required or commonly understood as home insurance. Home insurance is often a requirement when obtaining a mortgage, and many homeowners choose to have it to ensure their financial security against potential losses, making it a staple in personal finance discussions and financial literacy programs.