Umbrella Liability Insurance Coverage

question 22

Multiple Choice

Umbrella liability insurance coverage

• A) Provides additional liability coverage above your homeowner's and auto policies
• B) Is unaffordable for many people
• C) Covers you on a rainy day
• D) Is just for the wealthy

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Definitions:

Philanthropy

The act of donating money, goods, services, or time to support charitable causes or organizations for the public good.

Philanthropic Nonprofit Organizations

Entities dedicated to advancing welfare or social causes without the intent of making a profit for their owners or shareholders.

Purely Philanthropic

Activities or initiatives completely driven by a desire to promote the welfare of others, typically characterized by voluntary financial donations without expectation of any return.

Third Sector

A term used to describe the segment of society that encompasses nonprofit organizations, charities, and voluntary groups which operate independently from the government and the private sector.