Which of the following best describes an "umbrella" insurance policy?

Question

Quizplus · Accepted Answer

An umbrella insurance policy provides additional liability coverage beyond the dollar limits of the insured's other policies, such as home and auto insurance. It is not limited to any specific type of risk, unlike option A. Option C is too specific and only covers damage caused by rain. Option D is related to commercial insurance and does not necessarily include personal liability protection. Option E is not an accurate description of an umbrella insurance policy as it combines different types of insurance instead of providing additional coverage.

Which of the Following Best Describes an "Umbrella" Insurance Policy