3) George has an auto insurance policy on his Subaru Outback with liability coverage of $100,000/$300,000, collision with a $500 deductible, and comprehensive with a $500 deductible. George's Subaru Outback has a market value of $14,500 and an outstanding auto loan of $15,500. Mike ran a stop sign and hit George's car and the Mike has admitted the accident was his fault. Mike's insurance policy has liability coverage of $100,000/$300,000. George went to the hospital with costs totaling $22,000 and unfortunately George's car was a total loss. How much will Mike's policy pay? Will George's policy pay anything?