Identify the Correct Statement About Umbrella Policies

Multiple Choice

Identify the correct statement about umbrella policies.

A) Like liability policies, they provide first-dollar coverage.
B) They cover only those exposures that are covered by the underlying policies.
C) Their main purpose is to increase the limit of liability of underlying policies.
D) They do not cover personal injury liability.
E) In these policies, a deductible is applied when there is no underlying coverage for a covered exposure