A personal liability umbrella policy is more likely to be opted for by people:
A)who cannot afford a basic health policy.
B)who cannot afford basic homeowner's and automobile insurance.
C)with a moderate to high level of income and net worth.
D)with a low level of income and net worth.
E)who have recently retired or experienced a drop in income.

Question

Quizplus · Accepted Answer

A personal liability umbrella policy provides additional coverage beyond what is offered by basic insurance policies, such as homeowner's and automobile insurance. It is typically opted for by individuals with a moderate to high level of income and net worth who wish to protect their assets from potential lawsuits or claims that exceed the limits of their primary insurance policies.

A Personal Liability Umbrella Policy Is More Likely to Be