Question
F) Sandra's golf ball strikes another golfer, Timothy, in the head while they are playing golf at Sandra's house. Sandra warned Timothy before he was
F) Sandra's golf ball strikes another golfer, Timothy, in the head while they are playing golf at Sandra's house. Sandra warned Timothy before he was struck. Timothy claims he didn't hear the warning and has filed a lawsuit against Sandra for $7,000 in medical expenses, $16,000 in lost wages, and $50,000 for pain and suffering. In order to defend Sandra, it will cost an additional $10,000 to hire a lawyer. Assume Timothy wins the lawsuit. Assume that Sandra Rice owns a HO-3 policy for his home. The limits set in his policy are provided below: Type Coverage A Coverage B Coverage C Coverage D Coverage E Coverage F Limit $120,000 $12,000 $60,000 $24,000 $100,000 $5,000 A $350 deductible applies to Section 1, Coverages A, B, and/or C. The replacement cost of Sandras home is $130,000, the contents are valued at $70,000, and the home is 30 percent depreciated. Compute the amount that Sandra will collect in each of the following circumstances and assume that each event occurs independently. Note: a deductible will only apply if losses are less than the coverage limit. Personal libaility limit Timothy's lost wages Timothy's pain and suffering Medical payments to others limit Timothy's medical bill Cost of Sandra's legal defense Total collected
Assume that Sandra Rice owns a HO-3 policy for his home. The limits set in his policy are provided below:
Type | Coverage A | Coverage B | Coverage C | Coverage D | Coverage E | Coverage F |
Limit | $120,000 | $12,000 | $60,000 | $24,000 | $100,000 | $5,000 |
A $350 deductible applies to Section 1, Coverages A, B, and/or C. The replacement cost of Sandras home is $130,000, the contents are valued at $70,000, and the home is 30 percent depreciated. Compute the amount that Sandra will collect in each of the following circumstances and assume that each event occurs independently. Note: a deductible will only apply if losses are less than the coverage limit.
Personal libaility limit | |
Timothy's lost wages | |
Timothy's pain and suffering | |
Medical payments to others limit | |
Timothy's medical bill | |
Cost of Sandra's legal defense | |
Total collected |
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