Personal Liability Coverage

Question 1

Covers your current and future assets if you are held legally responsible for damages.

Answer 1

Personal Liability Coverage

Question 2

Personal Liability Coverage pays for everything (lawyers fees, medical bills, lawsuit judgements) that stem from:

Answer 2

an accident or negligence.

Question 3

Personal Liability Coverage is the same as what sections in the Homeowners Policy?

Answer 3

Coverage E and F (Section II)

Question 4

Type of personal liability coverage that covers claims in excess of regular homeowners, auto or watercraft policy coverage.

Answer 4

Personal Umbrella Policy

Question 5

Umbrella insurance does not protect the policy holders property, but it covers:

Answer 5

injury to others or damage to their property.

Question 6

A limit in an insurance policy stipulating the most that it will pay or all covered losses sustained in a period of time.

Answer 6

Aggregate

Question 7

What does “Drop Down” Coverage mean in a personal umbrella policy?

Answer 7

Provides more protection when the limits of other underlying policy aggregates are exhausted.