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Financial Planning Exercise 5 Personal automobile policy coverage Finn Stone has a PAP with coverage of $15,000/$30,000 for bodily injury liability, $15,000 for property damage

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Financial Planning Exercise 5 Personal automobile policy coverage Finn Stone has a PAP with coverage of $15,000/$30,000 for bodily injury liability, $15,000 for property damage liability, $10,000 for medical payments, and a $1,000 deductible for collision Insurance. How much will his Insurance cover in each of the following situations? Will he have any out-of-pocket costs? Round the answers to the whole dollar, if necessary Leave no cells blank, be sure to enter" wherever required. a, Finnloses control and skids on ice, running into a parked car and causing $4,480 damage to the unoccupled vehide and $2,140 damage to his own car. Total paid by the insurance company Finn's out-of-pocket costs: b. Finn runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $38,000 nach. Total paid by the insurance company Fan's out-of-pocket costs (for both victims): cFinn's 18-year-old son borrows his car. He backs into a telephone pole and causes $1,450 damage to the car. Total paid by the insurance company: Finn's out-of-pocket costs

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