Under a commercial umbrella policy, what is the retention limit?

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Under a commercial umbrella policy, what is the retention limit?

 Options:

 

a) the underlying policy limits
b) only pays for excess losses
c) the deductible that applies when the underlying coverage does not apply, but the umbrella coverage does apply
d) does not pay for losses self-insured by the insured

 

The Correct Answer Is:

  • c) the deductible that applies when the underlying coverage does not apply, but the umbrella coverage does apply

Conclusion

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