Question
Michael and Esther were involved in an accident where Esther was at fault. Michael's underinsured motorist limit is $100,000/$300,000 and Esther's liability limit is
Michael and Esther were involved in an accident where Esther was at fault. Michael's underinsured motorist limit is $100,000/$300,000 and Esther's liability limit is $25,000/$50,000. Michael sued Esther in a court of law. Michael is awarded $150,000 in damages and his underinsured motorist paid him $75,000. How much did Esther's policy pay?
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Principles Of Risk Management And Insurance
Authors: George E. Rejda, Michael McNamara
12th Edition
132992914, 978-0132992916
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