Do I need insurance?

Do I need insurance?

Sam Friedman (Editor-in-Chief, National Underwriter, Property & Casualty Edition) gives expert video advice on: Do I need insurance?; How much insurance do I need? and more...

You certainly do need insurance because if you go bare (the industry phrase for going without insurance) essentially what happens is you are on your own. If anything happens to your home or your property, or you happen to injure somebody else, your assets are at risk. It's out of your own bank account, out of your own pocket. People do need to buy insurance.