You and the driver of the other car were the only people involved in the accident. You were not injured. You have a 50/100/50 liability insurance policy with no deductible. You have collision insurance with a deductible of $1,000. The other driver's bodily injury claim is $60,000 for medical expenses related to a broken leg. The other car was valued at $25,000 and requires $7,000 in repairs. Your car was valued at $13,000 and requires $15,000 in repairs. The accident damaged a city light pole that will cost $1,800 to replace. the total amount your liability insurance will pay for the accident the total amount your collision insurance will pay for the accident the amount of additional damages you are responsible for as a result of the accident

You and the driver of the other car were the only people involved in the accident. You were not injured. You have a 50/100/50 liability insurance policy with no deductible. You have collision insurance with a deductible of $1,000. The other driver's bodily injury claim is $60,000 for medical expenses related to a broken leg. The other car was valued at $25,000 and requires $7,000 in repairs. Your car was valued at $13,000 and requires $15,000 in repairs. The accident damaged a city light pole that will cost $1,800 to replace. the total amount your liability insurance will pay for the accident the total amount your collision insurance will pay for the accident the amount of additional damages you are responsible for as a result of the accident

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter10: Protecting Your Property

Section: Chapter Questions

Problem 6FPE

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You and the driver of the other car were the only people involved in the accident. You were not injured. You have a 50/100/50 liability insurance policy with no deductible. You have collision insurance with a deductible of $1,000. The other driver's bodily injury claim is $60,000 for medical expenses related to a broken leg. The other car was valued at $25,000 and requires $7,000 in repairs. Your car was valued at $13,000 and requires $15,000 in repairs. The accident damaged a city light pole that will cost $1,800 to replace. Use the information above to determine the following: the total amount your liability insurance will pay for the accident the total amount your collision insurance will pay for the accident the amount of additional damages you are responsible for as a result of the accident
Jamie has 100/300/100 vehicle insurance. He has a $100 deductible on comprehensive and a $1,000 deductible on collision. Jamie had an at fault crash into another vehicle while texting. Carolyn, Larry, and Maria, the driver and passengers in the other vehicle, were injured. Carolyn's medical care was $34.664 and Maria's medical care was $57,025. Larry was not injured. Their car required $12,320 to repair. Jamie's vehicle had $11,570 in damages but he had no injuries. How much will the insurance company be responsible for paying and to whom? How much, if any, will Jamie be responsible for paying? How much, if any, will Jamie be responsible tor paying for any medical caro? O A. Jamie is responsible for paying only Carolyn's modical care, $34,664. OB. Jamie is responsible for paying only Maria's medical care, $57,025. O. Jamie is rosponsible for paying Carolyn's and Maria's medical care, $91,689. OD. Jamie is not responsible for paying any medical care. > How much, it any, will the…
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You carry 25/50/25 coverage on your automobile. You are involved in an accident in which you are eventually held responsible for the following damages: other driver, $25,000; passenger 1, $20,000; passenger 2, $9,000; other car, $11,000. How much is left for you to pay after your insurance company has met its obligations under your policy? 0 bodily injury; 0 property damage 0 bodily injury; $4,000 property damage $4,000 bodily injury; 0 property damage $9,000 bodily injury; $4,000 property damage
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Robert had an accident and injured a driver and her car. He has auto insurance with the minimum coverage for Illinois He also has medical payments coverage of $1,000 and a $250 deductible on his collision coverage. The driver's injuries cost $5,000 and damages to her car cost $3,000. Robert's car had damages costing $4,000. How much will the Insurance company pay for these claims? O A. $11,750 O B. $11,250 O C. $3,750 O D. $12,000
Allen was involved in an auto accident in which he was at fault. His car sustained damages in the amount of $1,327. The other vehicle had damages costing $ 1,309, in repairs. Allen was not injured, but the other driver required medical treatment costing $22,619 and the passenger's injuries cost $24,051. Additional property damage amounted to $3,460. Allen's policy includes 50/100/50 liiability, $250 deductible collision and full coverage comprehensive. Determine the amount of damagees the insurance company is required to pay?