Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 32 7.5 pts Gordon owns two cars, a new Toyota and an older Nissan. He insures the Toyota for Collision and OTC, but because

image text in transcribed
Question 32 7.5 pts Gordon owns two cars, a new Toyota and an older Nissan. He insures the Toyota for Collision and OTC, but because the Nissan is older, he no longer covers it for Collison or OTC. His buddy Marshall comes over to watch football and at halftime volunteers to go to the store for chips and salsa. Gordon lets him drive the Toyota. While backing out of the driveway, Marshall crashes the Toyota into the Nissan, damaging both cars. How will Gordon's auto insurance carrier respond to this mess? The Toyota and Nissan will both be covered. Gordon will pay one deductible, The Toyota and Nissan will both be covered. Gordon will pay two deductibles. Neither car will be covered because Marshall is not a resident relative. Only the Toyota will be covered. Gordon will pay one deductible. Neither car will be covered because Marshall is not a named insured

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_2

Step: 3

blur-text-image_3

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

Investing In The Trump Era How Economic Policies Impact Financial Markets

Authors: Nicholas P. Sargen

1st Edition

3319760440,3319760459

More Books

Students also viewed these Finance questions

Question

Do I have to read it?

Answered: 1 week ago

Question

1. Which is the most abundant gas presented in the atmosphere?

Answered: 1 week ago