A policy that supplements your basic personal liability coverage is called a(n):
Understand the Problem
The question is asking for the term used to describe a policy that provides additional coverage to basic personal liability insurance. This implies looking into insurance terminology to identify the correct answer from a list of options.
Answer
Umbrella policy
The final answer is umbrella policy.
Answer for screen readers
The final answer is umbrella policy.
More Information
An umbrella policy extends the coverage of your basic personal liability insurance beyond its standard limits.
Tips
A common mistake is confusing umbrella policies with endorsements or supplementary policies, which are different in scope and function.
Sources
- Chapter 8 Flashcards - Quizlet - quizlet.com
- How an Umbrella Insurance Policy Works - Investopedia - investopedia.com
AI-generated content may contain errors. Please verify critical information
Thank you for voting!
