qt30

Suppose that Michael Rich, a multimillionaire, has the following liability coverages: Auto liability 250,000/$500,000/100,000, Homeowners (Coverage E Comprehensive personal liability) $300,000, Personal umbrella $1,000,000 with $500 self-insured retention amount. If Michael loses a $650,000 lawsuit resulting from a neighbor's kid falling into his pool and drowning, which insurer(s) will pay and in what amounts? a. Auto insurer $250,000, Homeowners' insurer $300,000, Umbrella $100,000. b. Auto insurer $250,000, Umbrella $400,000, c. Homeowners' insurer $300,000, Umbrella $350,000, d. Michael $500, Homeowners' insurer $299,500, Umbrella $350,000. e. Michael $500, Homeowners' insurer $300,000, Umbrella $349,500