EBK PERSONAL FINANCE
EBK PERSONAL FINANCE
8th Edition
ISBN: 8220106777794
Author: KEOWN
Publisher: PEARSON
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Chapter 10, Problem 8DC2
Summary Introduction

To explain:

Whether B should purchase an umbrella policy or not and the cost of such policy if she insures both her townhouse and car from the same insurance company.

Introduction:

Umbrella policy refers to additional insurance policy that has huge amount of coverage from $1 million to $10 million against lawsuits and judgments with some reasonable amount of cost. It decreases the risk of loss on damage of personal property.

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