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I need the steps of the calculate, please help as soon as possible! Thank you! 2. The Highland View Company has the following policies: An
I need the steps of the calculate, please help as soon as possible! Thank you!
2. The Highland View Company has the following policies: An auto liability policy with a $1 million limit above $300,000 self- insured retention (SIR) per occurrence A products liability policy with a $5 million limit above $1 million SIR per occurrence. An umbrella policy with a $10 million limit per occurrence above the limits on the auto and product liability During the policy period, Highland View incurs a $2 million auto liability loss and a $20 million product liability loss. How much will be paid by Highland View, auto liability insurer, product liability insurer and umbrella insurer, respectively? 2. The Highland View Company has the following policies: An auto liability policy with a $1 million limit above $300,000 self- insured retention (SIR) per occurrence A products liability policy with a $5 million limit above $1 million SIR per occurrence. An umbrella policy with a $10 million limit per occurrence above the limits on the auto and product liability During the policy period, Highland View incurs a $2 million auto liability loss and a $20 million product liability loss. How much will be paid by Highland View, auto liability insurer, product liability insurer and umbrella insurer, respectivelyStep by Step Solution
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