Endorsements & Optional CoveragesPregunta 432 de 474
A personal umbrella policy is used to:
a.Add liability limits above the home and auto policies
b.Provide first-dollar liability with no underlying policy
c.Replace the property coverage on the homeowners policy
d.Pay for collision damage to the insured's own vehicle
Explicación
A personal umbrella policy adds an extra layer of liability limits above the insured's underlying home and auto liability coverage, and it may cover some claims the underlying policies exclude, subject to a self-insured retention. It generally requires the insured to maintain specified underlying limits. It is excess liability protection, not property coverage and not a substitute for underlying insurance.
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- A homeowner with a valuable diamond ring worth far more than the policy's jewelry sublimit can obtain full, itemized coverage by adding a:
- On a scheduled personal property endorsement, each article that is listed is:
- A thief takes a $9,000 ring from a home insured on a standard unendorsed form. The most the policy will pay for that ring is:
- An increased special limits endorsement differs from scheduling personal property because it:
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