To purchase a personal liability umbrella policy, the insured party must already have:
A) federally subsidized flood insurance coverage.
B) relatively high liability limits on their homeowner's and auto coverage.
C) high levels of personal debt.
D) made several claims with the insurance company.
E) a poor driving record.

Question

Quizplus · Accepted Answer

Personal liability umbrella policy provides extra liability coverage beyond the limits of homeowner's and auto insurance policies. Therefore, the insured party must already have relatively high liability limits on their homeowner's and auto coverage.

To Purchase a Personal Liability Umbrella Policy, the Insured Party