Question

An umbrella policy would be most useful for people who want to:
A. protect their wealth from any liability.
B. reduce the cost of their insurance premiums.
C. leave money to cover their funeral expenses.
D. be prepared in the event of a long-term injury.

Answer 1

Answer: A

Explanation: insurance covers most of the costs, while the umbrella policy is made to cover additional costs. Injury is not included in the plan, nor funerals. It would not reduce the cost of insurance premiums, as that is what is paid monthly for the insurance, and umbrella is just another cost. That is why it is A, protect welt from liability.

Answer 2

An umbrella policy would be most useful for people who want to protect their wealth from any liability. Thus the correct answer is A.

What is an umbrella policy?

Additional coverage that extends above and beyond the restrictions and protections of regular policies like  Accidents, destruction of property, particular disputes, and cases of legal responsibility may all be covered by umbrella insurance.

An umbrella policy would be most useful for people who want to protect their wealth from any liability as it covers many aspects related to daily lives.

Therefore, option A is appropriate.

Learn more about an umbrella policy, here:

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