Which of the following statements about a typical personal umbrella policy is (are)true?
I.Losses covered under an underlying policy and the umbrella policy are settled on a pro rata basis.
II.Losses not covered by the basic underlying contracts are subject to a self-insured retention which typically is at least $25,000.

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The Answer of Which of the following statements about a typical personal umbrella policy is (are)true?
I.Losses covered under an underlying policy and the umbrella policy are settled on a pro rata basis.
II.Losses not covered by the basic underlying contracts are subject to a self-insured retention which typically is at least $25,000.

Which of the Following Statements About a Typical Personal Umbrella