Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Kyle has a PAP with liability limits of $50,000/ $100,000/$25,000. He failed to stop at a red light and hit a van, which sustained damages

Kyle has a PAP with liability limits of $50,000/ $100,000/$25,000. He failed to stop at a red light and hit a van, which sustained damages of $15,000. Three passengers in the van were injured and incurred the following bodily injuries:

Passenger A, $15,000

Passenger B, $60,000

Passenger C, $10,000

Kyle was also injured and incurred medical bills of $10,000. His car sustained damages of $10,000. Because of his injury, Kyle was unable to work and lost $5,000 in wages. How much will Kyles insurer pay under the liability cover-age (Part A) section of his PAP? Explain your answer.

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

Step: 3

blur-text-image

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

Finance Bundling And Finance Transformation

Authors: Frank Keuper, Kai-Eberhard Lueg

1st Edition

3658042109, 978-3658042103

More Books

Students also viewed these Finance questions