The Personal Liability Umbrella Policy Typically Includes Coverage for Liability

question 40

True/False

The personal liability umbrella policy typically includes coverage for liability losses that are in excess of the limits purchased in the comprehensive personal liability coverage provided in the homeowners' policy.

---

Definitions:

Economic Development

The method through which a nation, region, or local community's economic prosperity and life quality enhance in line with specified aims and objectives.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly lines or automated technology, which benefits from economies of scale.

Suburbanization

The process by which populations move from urban areas to suburbs, often leading to the growth of residential areas on the outskirts of cities.

Farms

Land and the buildings on it, used for growing crops and/or raising animals as a primary source of income.