Frank has a personal auto policy with the following limits: Coverage A: $50,000/$100,000/$50,000; Coverage B: $10,000; Coverage C: $50,000/$100,000; Coverage D: $50 deductible for other than collision, $500 deductible for collision. With respect to the following situation, indicate whether or not the losses are covered by Frank's personal auto policy, and if possible, the dollar amounts that would be paid by the insurance company. Clearly identify what section of the policy is controlling and why the event is either covered or not covered. Frank has a 17 year old daughter and a 12 year old son living at home. The daughter has a driver's license, but doesn't own a car Frank has a 1968 Chevy Camaro in his garage that he is restoring. Frank carries no insurance on the Camaro. Frank decides to drive the Camaro around the block to see if the engine is running well. Frank's 12 year old son takes Frank's insured automobile for a drive expecting Frank to be gone for a while. As Frank is driving the Camaro home, he is startled to see his son driving and loses control of the Camaro, smashing into his insured automobile being driven by his son. The Camaro will cost $8,000 to repair. The insured automobile will cost $5,000 to repair, with an actual cash value of $3,500. Frank's son has minor injuries, resulting in medical bills of $800. Frank's medical bills equal $500. Frank has a personal auto policy with the following limits: Coverage A: $50,000/$100,000/$50,000; Coverage B: $10,000; Coverage C: $50,000/$100,000; Coverage D: $50 deductible for other than collision, $500 deductible for collision. With respect to the following situation, indicate whether or not the losses are covered by Frank's personal auto policy, and if possible, the dollar amounts that would be paid by the insurance company. Clearly identify what section of the policy is controlling and why the event is either covered or not covered. Frank has a 17 year old daughter and a 12 year old son living at home. The daughter has a driver's license, but doesn't own a car Frank has a 1968 Chevy Camaro in his garage that he is restoring. Frank carries no insurance on the Camaro. Frank decides to drive the Camaro around the block to see if the engine is running well. Frank's 12 year old son takes Frank's insured automobile for a drive expecting Frank to be gone for a while. As Frank is driving the Camaro home, he is startled to see his son driving and loses control of the Camaro, smashing into his insured automobile being driven by his son. The Camaro will cost $8,000 to repair. The insured automobile will cost $5,000 to repair, with an actual cash value of $3,500. Frank's son has minor injuries, resulting in medical bills of $800. Frank's medical bills equal $500