Exam DISC-RM Practice Question 230
Study guide: Exam DISC-RM
A commercial umbrella with a $5,000,000 limit schedules business auto liability with a $1,000,000 limit as required underlying insurance. To save premium, the insured reduces its auto liability limit to $500,000 without telling the umbrella insurer. A covered auto accident then produces a $1,800,000 judgment. How much does the umbrella pay?
- A) $0
- B) $500,000
- C) $800,000
- D) $1,300,000
Answer this question and see the worked solution