Question

What is the purpose of an umbrella insurance policy?
A. To extend the length of coverage for all current insurance policies
B. To consolidate different types of insurance policies into one large
policy
C. To protect policyholders' personal property from fire, theft, and
"acts of God"
D. To protect policyholders from liability beyond what is covered by
their other insurance policies

Answer 1

Answer:

A.

Explanation:

According to Geico they say"Umbrella insurance is extra insurance that provides protection beyond existing limits and coverages of other policies. Umbrella insurance can provide coverage for injuries, property damage, certain lawsuits, and personal liability situations."

and my father is an bodily injury adjuster and property damage and I enjoy him giving me this type of knowledge.

Answer 2

The significance purpose of umbrella insurance policy (UIP) is given in option (B): "To extend the length of coverage for all current insurance policies"

What is umbrella insurance policy?

"Umbrella insurance policy (UIP) is additional coverage that extends beyond the limits and coverages of other plans. Property damage, Medical Injury, personal liability situations, and certain lawsuits can all be covered by umbrella insurance."

As a result, the goal of UIP is to prolong the duration of all current insurance plans.

Check out the link below to learn more about umbrella insurance;

https://brainly.com/question/19155601

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