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An accident between the car A & the car B has the damage shown in the table (unit: million $). The owner of the car
An accident between the car A & the car B has the damage shown in the table (unit: million $).
The owner of the car A bought a collision coverage for the car body only. The owner of the car B bought a collision coverage for the whole car (including car body & car energy) with the insurance limit accounts for 80% car value.
Both cars are insured under liability car insurance. Insurance policies are all purchased at Prudential company. Requirement: Calculate the insurer indemnity.
A B Liability and Damage Liability 25% 75% Car body 12 35 Car energy 7 8 Goods 0 5Step by Step Solution
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