insurance that is very worthy to have is health insurance. when you have health insurance, then you can be calmer that when something happens to you, then you have insurance that you can use to pay for your medical expenses. because in this day and age hospital costs are very expensive and i do not recommend that you pay for it with your own money, unless you are rich maybe that is not a big problem, but now the average rich person already has health insurance. so having health insurance is the most basic thing that every individual needs to have.
The rich still purchase their own health and life insurances. THat's how wise they are with money. And you know what they describe insurances?
It's their wealth's protection and so it won't be dropping like a destroyed faucet that will take their forever savings.
Don't forget that it's not just about health insurances but as mentioned, there are too many of them and all of it is what we need but if you can't, choose to prioritize first.