Mario has an unendorsed HO-3—Special Form (HO-3) with a $500,000 limit for liability coverage. He also has a personal umbrella with a $2,000,000 limit of liability and a $10,000 self-insured retention.Mario is sued for slander and the court awards $1,600,000 to the plaintiff. What amount of the loss is paid by the umbrella policy?

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Mario has an unendorsed HO-3—Special Form (HO-3) with a $500,000 limit for liability coverage. He also has a personal umbrella with a $2,000,000 limit of liability and a $10,000 self-insured retention.Mario is sued for slander and the court awards $1,600,000 to the plaintiff. What amount of the loss is paid by the umbrella policy?

A. $1,090,000

B. $1,100,000

C. $1,590,000

D. $1,600,000

Answer: C. $1,590,000.

The above question Mario has an unendorsed HO-3—Special Form (HO-3) with a $500,000 limit for liability coverage. He also has a personal umbrella with a $2,000,000 limit of liability and a $10,000 self-insured retention.Mario is sued for slander and the court awards $1,600,000 to the plaintiff. What amount of the loss is paid by the umbrella policy?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.