Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fabiola just backed her car into another car in the parking lot. She caused $35,000 of damage to the other car. The damage to Fabiolas

Fabiola just backed her car into another car in the parking lot. She caused $35,000 of damage to the other car. The damage to Fabiolas car amounts to $17,000. The driver of the other car, Larissa, claims that her neck was injured and has claimed that her medical expenses were $15,000. Fabiolas auto insurance policy has split coverage of $25,000/$75,000/$25,000. Which of the following statements is most correct?

A. Part A of Fabiolas auto insurance will cover the $17,000 of damage to the her car because the damage was less than $25,000.

B. Part B of Fabiolas auto insurance will cover the medical expenses for Larissa because they are under $15,000 of bodily injury.

C. Part C of Fabiolas auto insurance will not cover all of the $35,000 of damages to Larissas car because it is less than $25,000 of property damage.

D. None of the above are correct.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

The Essentials Of Machine Learning In Finance And Accounting

Authors: Mohammad Zoynul Abedin, M. Kabir Hassan, Petr Hajek, Mohammed Mohi Uddin

1st Edition

0367480816, 978-0367480813

More Books

Students also viewed these Finance questions

Question

6. Explain the power of labels.

Answered: 1 week ago

Question

5. Give examples of variations in contextual rules.

Answered: 1 week ago

Question

f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago