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inancial Planning Exercise 6 ersonal automobile policy coverage achary Lee has a personal automobile policy (PAP) with coverage of $25,000/$50,000 for bodily injury liability, $25,000

image text in transcribed inancial Planning Exercise 6 ersonal automobile policy coverage achary Lee has a personal automobile policy (PAP) with coverage of $25,000/$50,000 for bodily injury liability, $25,000 for property damage liability 10,000 for medical payments, and a $500 deductible for collision insurance. How much will his insurance cover in each of the following situations? e have any out-of-pocket costs? Round your answer to the whole dollar, if necessary. Leave no cells blank, be sure to enter "0" whereve equired. a. Zachary loses control and skids on ice, running into a parked car and causing $2,330 damage to the unoccupied vehicle and $4,135 damag his own car. Total paid by the insurance company Zachary's out-of-pocket costs $ $ b. Zachary runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $40,000 each. Total paid by the insurance company Zachary's out-of-pocket costs (for both victims) $ $ c. Zachary's 18-year-old son borrows his car. He backs into a telephone pole and causes $450 damage to the car. Total paid by the insurance company Zachary's out-of-pocket costs $

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