Umbrella Flashcards
0
Q
Are umbrella policies available for wc?
A
No
1
Q
Policy that does not provide broader coverage; only higher limits.
A
Excess liability
2
Q
If a loss is not covered by the underlying policy the insured would be responsible for the ______ _________ ______________.
A
Self-insured retention
3
Q
When does an umbrella policy pay without a SIR?
A
1) excess of claim covered by primary policy
1) drop down due to aggregate limit being exhausted.
4
Q
When are defense costs paid under Umbrella policies?
A
First-dollar defense coverage.
5
Q
Government sponsored program which makes flood insurance available.
A
NFIP
