How Much Insurance Is Necessary

Many people often ask themselves how much insurance is necessary. Some people are unaware that insurance is necessary for several reasons.

For example, many people lease cars because it is much more economical, what people fail to realize is that it is important to choose the correct lease insurance that covers everything.

Another example is that some people fail to realize and understand vicarious liability. Vicarious liabilities are when one person does not react in a particular situation as another person would. This is having the person responsible for their actions and for their negligence. This is a type of insurance that is very important and often overlooked.

~as contributed by Sandra Costanzo, Social Media Intern