The personal liability umbrella policy requires the policy owner to maintain minimum levels of:
A)Automobile insurance.
B)Directors' and officers' insurance.
C)Errors and omissions insurance.
D)Malpractice insurance.

Question

Quizplus · Accepted Answer

The personal liability umbrella policy provides additional liability coverage beyond the limits of the underlying policies, such as home and auto insurance. Since it is an umbrella policy, it requires the policy owner to maintain minimum levels of automobile insurance, which is usually the primary underlying policy for the personal liability umbrella policy. Directors' and officers' insurance, errors and omissions insurance, and malpractice insurance are not relevant to the personal liability umbrella policy.

The Personal Liability Umbrella Policy Requires the Policy Owner to Maintain