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Home Q & A Board Other Fields Homework Help Business Insurance
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AzJose AzJose
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6 years ago
George has a personal auto policy with a per-person liability limit of $300,000. He also has a personal umbrella policy with a limit of $2,000,000 and a self-insured retention of $1,000. How much will be paid by each policy if a person wins a judgment of $500,000 against George as a result of bodily injury arising from the auto accident?
A) The auto policy will pay nothing, and the umbrella policy will pay $449,000.
B) The auto policy will pay nothing, and the umbrella policy will pay $500,000.
C) The auto policy will pay $300,000, and the umbrella policy will pay $199,000.
D) The auto policy will pay $300,000, and the umbrella policy will pay $200,000.
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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Toni_AnnetteToni_Annette
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