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Which of the following statements regarding the Coverage E limit in the homeowners policy is true? Any legal defense costs incurred by the insurer are
Which of the following statements regarding the Coverage E limit in the homeowners policy
is true?
Any legal defense costs incurred by the insurer are counted against the limit of liability.
The limit applies on a peroccurrence basis to bodily injury and property damage liability.
It is an aggregate limit and once the amount paid for one or more claims reaches the limit no
additional coverage is provided.
The limit applies only if a court orders the insured to paythere is no coverage for settlements
reached outofcourt.
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