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Merve purchased an umbrella policy in addition to her commercial general liability (CGL) policy. Her CGL general aggregate limit is $1 million and the each
Merve purchased an umbrella policy in addition to her commercial general liability (CGL) policy. Her CGL general aggregate limit is $1 million and the each occurrence limit is $100,000, and her umbrella policy aggregate limit is $2 million and the each occurrence limit is $250,000. If Merve suffers three losses of $150,000; $200,000; and $90,000; how much will her umbrella insurer pay? Select one: A. $100,000 B. $150,000 C. $290,000 D. $340,000
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