Author Question: One of the Tips for Buying a Homeowners Policy is to consider purchasing a personal umbrella policy. ... (Read 72 times)

Mr. Wonderful · **on:** Jul 11, 2018

One of the Tips for Buying a Homeowners Policy is to consider purchasing a personal umbrella policy. What coverage is provided by a personal umbrella policy?

A) blanket property coverage for any damage caused by water
B) excess liability coverage and coverage for some liability claims excluded by underlying policies
C) all-risk, replacement cost, property coverage
D) coverage for business and professional liability

Question 2

The best form of business entity to attract new capital is the sole proprietorship because investors
only need to deal with one owner.

Indicate whether the statement is true or false