Problem 8-7 (LO8.4)

Kurt Simmons has 55/110/20 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 $6,500, and damage to the store was $16,820.

a.	What amount will the insurance company pay for the damages?

Insurance payment

$

b.	What amount will Kurt have to pay?

Personal liability

$