Tina purchased a personal umbrella policy with a $1 million limit.Her insurer required her to carry liability limits of 250/500/50 under her auto insurance policy.The personal umbrella policy was written with a $1,000 self-insured retention.Tina was responsible for an auto accident in which the other driver was severely injured.The other driver's bodily injuries were $400,000 and the property damage was $20,000.How much will the insurer pay under Tina's umbrella policy?

Question

Quizplus · Accepted Answer

The auto insurance covers $250,000 of the bodily injury, leaving $150,000. The umbrella policy covers this remaining $150,000 after the auto policy limit is exhausted. The property damage is fully covered by the auto policy.

Tina Purchased a Personal Umbrella Policy with a $1 Million