Umbrella Liability Insurance
A client has the following insurance coverage:
- Auto liability: $500,000
- Homeowners liability: $500,000
- Personal umbrella liability: $2,000,000
If the client is found legally liable for an automobile accident resulting in a $1,800,000 judgment, assuming no policy exclusions apply, approximately how much of the judgment would the umbrella policy cover?
- $500,000
- $1,300,000
- $1,800,000
- $2,000,000
