AINS Quiz | 713 Questions with 100 % correct answers | Verified& Updated 2024 Graded A+

Umbrella liability policies almost always provide excess coverage over several primary policies while include all of the following, EXCEPT: - Commercial general liability - Auto liability - Replacement liability - Employers liability - Replacement liability The coverage that an umbrella liability policy provides for claims not covered at all by the underlying policies is called - Drop-down coverage Which one of the following statements about umbrella liability insurance is true? Select one: A. It becomes void when the primary aggregate limits are exhausted. B. It may contain exclusions more restrictive than those found in the primary policies. C. It is normally written as excess insurance only above a comprehensive general liability policy. D. It fills the gaps in primary insurance rather than providing additional coverage. - B. It may contain exclusions more restrictive than those found in the primary policies *Umbrella ins provides additional limits above the insured's primary policies