30. Peter Piper Plumbing is sued for water damage to a luxury home and furnishings arising out of his installation of pipe fittings. Peter Piper has a $1 million CGL policy. His insurer ultimately settles the claim for $700,000 after spending $350,000 in investigation and defense costs. Which of the following statements accurately reflects Peter Piper's coverage for this claim? (Search Chapter 5) O a. A portion of the settlement will not be covered due to the amount already spent on investigation and defense. O b. The claim will be covered in full, because defense costs are supplementary payments payable outside the policy limit. c. The settlement will be covered in full, but Peter must reimburse the insurer for part of the defense costs. O d. The settlement will be covered in full, but Peter must reimburse the insurer for all of the defense costs