PCL LIMITS CASE STUDY Mr. and Mrs. Robert Carter have the following personal insurance policies and liablity limits: Automobile Policy Boat Protector HomeProtector PCL Self Insured Retention $ 500,000 CSL $ 300,000 CSL $ 100,000 CSL $ 2,000,000 $1,000 For each of the following incidents, indicate how the losses would be paid. Assume that all of the incidents occur during the same policy period The insured has an auto acident while driving his car in Mexco and is sued for $1,500,000 for bodily injury and $25 ,000 for property damage to a third party. Undertying Policy PCL Insured Mr. and Mrs. Carter have an auto accident and are sued for $600.060. However, it is discovered that the auto policy had lapsed for non-payment of premium five weeks prior to the loss. Underlying Policy PCL Insured Mr. and Mrs. Carter have a party. An intoxicated guest is involved in an auto accident on the way.home and causes serious injuries to a third party. The Carters are sued for $3,000,000 because they continued to serve their guest even after he was visibly intoxicated Underiying Policy PCL Insured