Question: Briefly explain the basic characteristics of a personal umbrella policy
Briefly explain the basic characteristics of a personal umbrella policy.
Answer to relevant QuestionsKimberly owns and operates a tennis shop in a resort area.The business is seasonal. A large part of the annual revenues are due to sales in June, July, and August. Kimberly keeps the shop open during the remaining months of ...An Ocean Transfer cargo ship was forced to jettison some cargo during a severe storm. The various interests in the voyage at the time the property was jettisoned are the following:Value of the ship ................. $4.0 ...Explain the following provisions in the building and personal property coverage form:a. Covered propertyb. Additional coveragesc. Optional coveragesBen owns an appliance and furniture store and is insured under a commercial general liability (CGL) policy written on an occurrence basis. Explain whether Ben's CGL policy would provide coverage for each of the following ...Briefly describe the meaning of "products and completed operations hazard."
Post your question