Looking for the answer to the question below related to Umbrella Insurance?
The insured has a $1,000,000 personal umbrella policy with a $5,000 retention limit. For a $7,000 liability loss not covered under the insured’s personal auto policy, but covered under the Umbrella policy, the insurance company would pay:
Options:
a) $3,000 |
The Correct Answer Is:
- d) $2,000
Conclusion
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