Question
Part 1 - Becky Fenton has 45/90/50 automobile insurance coverage. If two other people are awarded $85,000 each for injuries in an auto accident in
Part 1 -
Becky Fenton has 45/90/50 automobile insurance coverage. If two other people are awarded $85,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover?
Part 2 -
Kurt Simmons has 65/120/20 auto insurance coverage. One evening, he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $7,100, and damage to the store was $19,820.
a. What amount will the insurance company pay for the damages?
b. What amount will Kurt have to pay?
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