Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Elaine Peyton was recently in a car accident with the Smith family, in which she was found to be at fault, and has provided her

Elaine Peyton was recently in a car accident with the Smith family, in which she was found to be at fault, and has provided her automobile insurance company with the following bills:

$10,044 damage to the Smiths' vehicle—actual cash value

$6,212 damage to Elaine's vehicle—actual cash value

$14,585 medical bills for Elaine

$98,867 medical bills for Mr. Smith

$55,898 medical bills for Mrs. Smith

Based on the information provided, what would be the total amount of coverage provided by the Peytons' automobile policy?



 

Automobile Insurance Part A-Liability Part B-Medical payments Part C-Uninsured motorists Part D-Damage to your auto Collision Other than collision Towing and labor Total semiannual premium PERSONAL AUTO POLICY DECLARATIONS PAGE COVERAGES Auto 1 $100,000/$300,000 $10,000 $100,000/$300,000 $500 deductible $250 deductible $100 maximum Auto 2 $100,000/$300,000 $10,000 $100,000/$300,000 $500 deductible $250 deductible $100 maximum Semiannual Premium $400 $100 $150 $100 $ 70 $ 10 $830

Step by Step Solution

3.54 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Part ALiability Coverage 10000030... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance Turning Money into Wealth

Authors: Arthur J. Keown

8th edition

134730364, 978-0134730363

More Books

Students also viewed these Finance questions