How Many Insurance Policies Should a Person Have?

[Nomad]

Insurance is necessary to manage life risks. While health insurance minimizes financial risks of various diseases, home insurance minimizes the risk of theft, fire, or natural disaster. You might need a lot of insurance policies, however, the number of policies you need depends on your lifestyle and priorities. For instance, if you are a regular traveler, you might need travel insurance, for car owners, auto insurance is important.

 

[Lolita]

There isn’t a fixed number of insurance policies everyone should have. I think it depends on your lifestyle, family, and financial goals. Most people consider health, life, auto, and home or renters insurance essential. Beyond that, it’s about personal needs.