Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Insurance someone said this needs more info... it does not. Chegg, i want my question back if this cant be answered. i dont pay a

Insurance
image text in transcribed
someone said this needs more info... it does not. Chegg, i want my question back if this cant be answered. i dont pay a monthly fee for my question to be unanswered and then not get my question back after you made a 20 question monthly limit. do better or i will unsubscribe.
image text in transcribed
Adam has the following limits of coverage: Part A-50/100/25 Part B-- $1,000 per person Part C - $50,000 Part D--Collision and Other-Than-Collision coverages, each with $500 deductible, on his 2015 Lincoln MKZ which has an ACV of $15,000 1. Adam injures two other people in an accident that is judged to be his fault. One of the people has $75,000 in damages, and the other has $40,000. Adam suffers $10,000 of his own medical expenses. The insurance company spends $10,000 to defend Adam. Explain how much the insurance company will pay for these losses under which coverages. 2. Adam is rear-ended by a driver who speeds away unidentified. He suffers $10,000 in medical expenses and his car is totaled. Explain how much his insurer will pay for each of these losses under which coverages. Adam has the following limits of coverage: Part A 50/100/25 Part B- $1,000 per person Part C $50,000 Part D-Collision and Other-Than-Collision coverages, each with $500 deductible, on his 2015 Lincoln MKZ which has an ACV of $15,000 1. Adam injures two other people in an accident that is judged to be his fault. One of the people has $75,000 in damages, and the other has $40,000. Adam suffers $10,000 of his own medical expenses. The insurance company spends $10,000 to defend Adam. Explain how much the insurance company will pay for these losses under which coverages. 2. Adam is rear-ended by a driver who speeds away unidentified. He suffers $10,000 in medical expenses and his car is totaled. Explain how much his insurer will pay for each of these losses under which coverages

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_2

Step: 3

blur-text-image_3

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

Database Audit And Protection

Authors: Gerardus Blokdyk

3rd Edition

0655407499, 978-0655407492

More Books

Students also viewed these Accounting questions

Question

What if a stakeholder cant tell me how to measure his needs?

Answered: 1 week ago

Question

2. What potential barriers would you encourage Samuel to avoid?

Answered: 1 week ago