Who can tell me how much insurance is enough?
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guillermo
Apprentice
Joined: 06 Oct 2005
Posts: 7
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 Posted: 06/03/08 - 05:58 Post subject: |
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| I have recently been looking to save some money, but also to get some good insurance. I do not have much experience with it. However, I would like to know how much insurance is enough. If anyone could help me, that would be great. Thanks in advance. It really means a lot. |
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mathew
Apprentice
Joined: 04 Jul 2004
Posts: 6
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| Posted: 07/03/08 - 03:24 Post subject: |
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| Insurance policies are one of the most important aspect of your financial security when you have some valuable asset to protect. The truth is, you always have at least one - your life and health. Now, it seems to me that it will be important for you to know exactly what kind of cover to have in order to be able to plan the payments. There is such a thing as being too much insured, as well as not being insured enough, so a right balance is needed. The basic criteria you should base your decision on is the total amount of money you have and how much you earn annually. Since such data are individual, the best thing you can do is to go to your lawyer, and ask him what he thinks, again on the basis of these criteria. Best of luck. |
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