Question
1. Gerry has a Personal Auto Policy (PAP) with Liability coverage limits of 25/50/10 and a $1,000 Medical Payments coverage limit. He collides with another
1. Gerry has a Personal Auto Policy (PAP) with Liability coverage limits of 25/50/10 and a $1,000 Medical Payments coverage limit. He collides with another car (he is at fault) and the following losses are incurred.
Bodily injury to the driver of the other car = $100,000.
Bodily injury to the passenger of the other car = $3,000.
Property damage to the other car = $11,000.
Bodily injury to Gerry's wife = $5,000.
a. How much will Part A (liability coverage) of the PAP pay, in total, for this accident?
b. How much will the (entire) PAP pay, in total, for this accident?
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