Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marika Katz bought a new Blazer and has insurance coverage of 25/50/25 with $200 deductible for collision. Driving up to her summer home one evening,

Marika Katz bought a new Blazer and has insurance coverage of 25/50/25 with $200 deductible for collision. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marikas car had damage of $8,800, and the car she struck had damage of $5,500. After a lengthy court suit, the couple struck were awarded personal injury judgments of $20,000 and $10,000, respectively.

a. What will the insurance company pay for this accident?

Amount paid $

b. What is Marikas responsibility?

Amount paid $

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

The Customer Support Audit

Authors: Colin G. Armistead

1st Edition

190776609X, 978-1907766091

More Books

Students also viewed these Accounting questions