All of the following statements are correct concerning an umbrella liability policy EXCEPT it

All of the following statements are correct concerning an umbrella liability policy EXCEPT it


a. Provides extra limits of coverage


b. Is an indemnity contract on behalf of an insured for a variety of liability losses


c. Is the only liability contract an individual or business needs


d. Provides coverage for exposures not covered by other policies



Answer: c. Is the only liability contract an individual or business needs

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