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Dermotts personal auto policy has split liability limits of 100/300/25. In an auto accident where Dermott was at fault, four people in the other car
Dermotts personal auto policy has split liability limits of 100/300/25. In an auto accident where Dermott was at fault, four people in the other car were injured. The court awarded $125,000 to each of them for bodily injury, plus $30,000 for property damage to the other car. Also, the cost of Dermott's legal defense totaled $18,000 in lawyers' fees. In this case, how much of the $548,000 will be borne by Dermott's insurance company?
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a) | $318,000 |
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b) | $325,000 |
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c) | $343,000 |
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d) | $418,000 |
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