Joe was a customer in Sam's store when he carelessly dropped a very expensive vase, but he was relieved when he found that Sam had insurance to cover the loss. Explain Joe's legal position in these circumstances.

Legal Position

An individual's or entity's rights, responsibilities, and standing under the law.

Insurance

Insurance is a financial product that provides protection against financial losses or liabilities stemming from unforeseen events, such as accidents, natural disasters, or health issues, to the insured, in exchange for payment of a premium.

Expensive Vase

A high-cost container, often decorative and made of precious materials, used typically for displaying flowers.