A personal liability umbrella policy is more likely to be opted for by __________.
A)people who cannot afford a basic health policy
B)people who cannot afford a basic homeowner's and automobile insurance
C)people with high incomes and high net worth
D)people with low incomes and low net worth

Question

A personal liability umbrella policy is more likely to be opted for by __________. ​
A)people who cannot afford a basic health policy
B)people who cannot afford a basic homeowner's and automobile insurance
C)people with high incomes and high net worth
D)people with low incomes and low net worth

Quizplus · Accepted Answer

A personal liability umbrella policy provides additional liability protection beyond what is covered by the basic homeowner's and automobile insurance. People with high incomes and high net worth are more likely to opt for this additional protection as they have more assets to protect and are at a greater risk of facing lawsuits.

A Personal Liability Umbrella Policy Is More Likely to Be