Question 1

1 pts

A personal umbrella policy provides coverage for defense. Defense costs are

usually paid:

	1. Equally by the underlying policy and the umbrella policy.
	2. By the personal umbrella policy only when the loss is not covered by an underlying policy.
	3. As part of the total loss, subject to the policy limit.
	4. In addition to the umbrella policy's liability limit.

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Question 2

1 pts

Which one of the following is an example of a property loss that might arise

from the ownership of a personal watercraft?

	1. An uninsured jet ski runs into the swimmer injuring the swimmer.
	2. While water skiing a guest is injured when he becomes tangled in the tow line.
	3. The boat owner's son is cited for exceeding speed limitations in a protected waterway.
	4. The boat owner drives the boat into shallow water and hits a rock, punching a hole in the hull.