Which limit represents the total amount a policy will pay for all losses from one occurrence?

The total amount a policy will pay for all losses from one occurrence is best represented by the per occurrence limit. This limit specifically defines the maximum amount that an insurer will pay for claims arising from a single incident. Unlike combined single limits, which apply to multiple types of coverage in a single limit and can be used for both bodily injury and property damage, the per occurrence limit focuses solely on losses from one specific event.

On the other hand, aggregate limits refer to the total amount a policy will cover for multiple occurrences during a policy period, not just a single event. Therefore, the correct answer, which specifies coverage based on a single occurrence, underscores the unique financial responsibility of the insurer in relation to that particular incident. The distinction is essential for understanding how coverage is structured in various types of insurance policies.