Exam 24: Other Property and Liability Insurance Coverages

Valerie's home does not qualify for coverage under a standard homeowners policy.Valerie would like to have "open-perils" (all-risks)coverage on her dwelling and named-perils coverage on her personal property.Which of the following policies should Valerie purchase?

Andrea purchased an auto insurance policy with bodily injury liability limits of 250/500 ($250,000/$500,000).She also purchased a personal umbrella policy with a $1 million limit and a $500 self-insured retention.Andrea was talking on her cell phone while driving,and her car struck and killed a pedestrian in a crosswalk.The court ordered her to pay $750,000 to the spouse of the person she killed.How will this claim be settled?

Which of the following is a characteristic of most inland marine floater policies?