Financial Planning Exercise 5 Personal automobile policy coverage Finn Stone has a PAP with coverage of $25,000/$50,000 for bodily injury liability, $25,000 for property damage liability, $2,000 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 "0" wherever required a. Finn loses control and skids on ice, running into a parked car and cousing $2,375 damage to the unoccupied vehicle and $3,775 damage to his own car. Total paid by the insurance company Finn's out-of-pocket costs: b. Finn funs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $49,000 each. Total paid by the insurance company Finn's out-of-pocket costs (for both victims) Finn'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: Finn Stone has a PAP with coverage of $25,000/$50,000. for bodily injury liability, $25,000 for property damage. liability, $2,000 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 "0" wherever required. a. Finn-loses control and skids-on-ice, running-into-a. parked car and causing $2,375 damage to the. unoccupied vehicle and $3,775 damage to his own. car.1 Total paid by the insurance. company: $0 a Finn's-out-of-pocket-costs:* $00 b. Finn-runs-a-stop-sign and causes a serious auto. accident, badly injuring two people. The injured. parties win-lawsuits against him for $49,000 each. Total-paid-by-the-insurance. company:*