What costs are paid under an umbrella policy?

by

Looking for the answer to the question below related to Umbrella Insurance?

What costs are paid under an umbrella policy?

 Options:

 

a) only the required underlying limits and the defense costs
b) the limit and any defense costs minus any applicable self-insured retention (deductible)
c) the limit minus any self-insured retention
d) the limit which includes the defense costs

 

The Correct Answer Is:

  • b) the limit and any defense costs minus any applicable self-insured retention (deductible)

Conclusion

I hope you got the answer to your question.

Leave a Comment