Elizabeth and Frank who have a personal umbrella policy with Insure+ notified them that a claim was filed against them for slander, and the insurer advised them that which of the following would be paid by the insured?

Insurance

Are you having trouble answering the question “Elizabeth and Frank who have a personal umbrella policy with Insure+ notified them that a claim was filed against them for slander, and the insurer advised them that which of the following would be paid by the insured?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.

Elizabeth and Frank who have a personal umbrella policy with Insure+ notified them that a claim was filed against them for slander, and the insurer advised them that which of the following would be paid by the insured?

A

Self-insured retention

B

5% of the total loss

C

Defense costs

D

Underlying coverage would pay it all

Answer: The only time the insured must pay a self-insured retention is when the umbrella drops down, meaning there is no underlying policy covering personal injury coverage and the insured must share the cost.—Self-insured retention

You should now have gotten the answer to your question “Elizabeth and Frank who have a personal umbrella policy with Insure+ notified them that a claim was filed against them for slander, and the insurer advised them that which of the following would be paid by the insured?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.