Umbrella Insurance Quiz – Multiple Choice Questions (MCQs) | Umbrella Insurance Policy

Umbrella Insurance Quiz

The reason to purchase an umbrella liability policy is:



a) to avoid deductibles on liability claims
b) to reduce insurance costs
c) to provide higher liability limits and broader coverage
d) to provide coverage to cover everything that the underlying coverage might exclude

The Correct Answer Is:


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Umbrella Insurance – How does Umbrella Insurance Policy Work? | Hamro Insurance

Umbrella Insurance

Umbrella Insurance Policy

A policy that provides additional protection over and above what’s already covered by other policies is known as an umbrella policy. Injuries, property damage, certain lawsuits, and personal liability situations can all be covered by umbrella insurance. When you exceed the liability limits on your auto and/or property insurance policy, personal umbrella insurance protects you and your family.Umbrella insurance is only available after regular homeowners, auto, or watercraft policies have been exhausted. People who possess considerable assets, have potentially hazardous possessions, or engage in activities that could increase their risk of lawsuits are candidates for umbrella insurance.

When you don’t have the right level of coverage, you could lose your assets, home equity, retirement savings, and more. Through Progressive, you can choose up to $5 million in added liability protection for your umbrella policy – safeguarding the lifestyle you’ve built.

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