Car, home, travel and life insurance are just some of the policies we might take out to protect ourselves if the worst happens.
This year we've already seen floods followed by freezing temperatures and property claim pay outs hit £4.1 billion last year according to industry figures.
So this week we look at whether insurance companies step up when we need them, and more widely at the rising costs of insurance, particularly for motorists.
Felicity Hannah is joined by experts Mark Shepherd from the Association of British Insurers, and Sam Richardson, Deputy Editor of Which? Money.
Presenter: Felicity Hannah Producer: Sarah Rogers and Craig Henderson Editor: Jess Quayle
(This programme was first broadcast at 3p.m. on Wednesday 22nd of January 2025)