(a) How might Victor and Maria more fully protect themselves through their homeowners and automobile insurance policies?...
Question:
(b) What additional benefits would they receive in buying an umbrella liability policy?
Victor and Maria’s next-door neighbor, Jasmine Saunders, was recently sued over an automobile accident and eventually was held liable for $437,000 in damages. Jasmine’s automobile policy limits were 100/300/50. Because of the shortfall, she had to sell her house and move into an apartment. Victor and Maria are now concerned that a similar tragedy might potentially befall them. They have a homeowner’s policy with $100,000 in comprehensive personal liability coverage and an automobile policy with 50/100/25 limits, and Maria has a small ($100,000) professional liability policy for her work as a medical records assistant.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: