To Purchase a Personal Liability Umbrella Policy, the Insured Party

question 71

Multiple Choice

To purchase a personal liability umbrella policy, the insured party must already have:

• A) federally subsidized flood insurance coverage.
• B) relatively high liability limits on their homeowner's and auto coverage.
• C) high levels of personal debt.
• D) made several claims with the insurance company.
• E) a poor driving record.

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Definitions:

Marine Annelids

Worm-like organisms that live in marine environments, part of the phylum Annelida, known for their segmented bodies.

Parapodia

Parapodia are paired, lateral extensions on each segment of some annelids, such as polychaetes, used for locomotion and sometimes respiration.

Bivalve

Type of mollusc with a shell composed of two valves; includes clams, oysters, and scallops.

Oyster

A type of bivalve mollusk found in marine or brackish waters, often cultivated for food or pearls.