An Umbrella Policy Is Designed to Cover

question 101

Multiple Choice

An umbrella policy is designed to cover:

• A)expensive personal property.
• B)additional buildings on your property.
• C)property when traveling away from home.
• D)major personal liability suits.
• E)flood damagE.

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Definitions:

Operating Loss

A situation where a company's operating expenses exceed its gross profit, indicating a loss in its core business operations.

Miss A Payment

A situation where a debtor fails to make an agreed-upon payment to a lender or creditor by the due date.

Par Bond

A bond issued at its face value, where the purchase price is equal to the nominal or face value of the bond.

Market

A venue or system where buyers and sellers engage in the exchange of goods, services, or financial instruments.