Question
Paul's car slid off the icy road causing $2,500 in damage to his car. He was also treated for minor injuries, costing $1,300. His car
Paul's car slid off the icy road causing $2,500 in damage to his car. He was also treated for minor injuries, costing $1,300. His car insurance has a $500 deductible, after which the full loss is paid. His health insurance has a $100 deductible and covers 75% of medical cost (total). What was Paul's out-of-pocket costs from the incident?
A.$400
B.$475
C.$1,200
D.$300
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
