1. motor vehicle insurance
1.1. compulsory third party
1.1.1. obtained when you register your vehicle protects drive if they are injured or killed giving them compensation
1.2. third party property
1.2.1. just like compulsory third party but as well as any property damaged
1.3. Comprehensive motor vehicle insurance
1.3.1. this covers the repairs of your vehicle and any other vehicle involved in the accident
2. other
2.1. workers compensation
2.1.1. compulsory form of insurance that provides money for workers injured at work
2.2. public liability
2.2.1. covers firms for high cost if sued by employees
2.3. marine insurance
2.3.1. covers boats or ship accidents if damaged
2.4. pluvius insurance
2.4.1. provides protection against the loss of items from rain this is often used in sporting events
3. household
3.1. household insurance
3.1.1. home insurance
3.1.1.1. this covers the home against damage and destruction such as and storms fires or accidental explosions note that some of the property may not be covered
3.1.2. home contents insurance
3.1.2.1. this compensates items inside your home that are damaged or stolen
4. personal insurance
4.1. life insurance
4.1.1. if a person dies within the arranged time of the loan the next of their kin is given compensation
4.2. sickness and accidental insurance
4.2.1. usually taken if not covered by workers compensation and if the worker cannot work they will get a sustained payment
4.3. health insurance
4.3.1. everyone in Australia is covered it is called medicare however they can obtain specific health insurances