Alberto has an HO-3 contract with $100,000 of Liability Coverage
He is ordered by a judge to pay his neighbor $162,000 because of bodily injuries the neighbor suffered while he and Alberto were fishing in Alberto's old, undeclared 35 horse-power outboard motor boat. How will the contract respond?
A) Nothing is paid because liability arising out of this boat is excluded.
B) $61,500 is paid because of the deductible.
C) $62,000 is paid to the injured party.
D) $100,000 is paid to the neighbor.
A
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