Question
Stephen Bjork's insurance policy reads as follows: Coverage; Limits Bodily Injury/Property Damage $250,000/$500,000/$100,000 Personal Injury Protection $150,000 Per-Person Uninsured Motorist $100,000/$300,000 Physical Damage: Collision Comprehensive
Stephen Bjork's insurance policy reads as follows:
| Coverage; | Limits |
| Bodily Injury/Property Damage | $250,000/$500,000/$100,000 |
| Personal Injury Protection | $150,000 Per-Person |
| Uninsured Motorist | $100,000/$300,000 |
| Physical Damage:
|
|
| Emergency Road Service | Up to $95 |
| Rental Reimbursement | Up to $25 per-day, $750 maximum |
He hits a guardrail out on the highway in Canada. He is slightly injured and his medical bills total $1,200. The damage to the guardrail costs $8,669 to repair. How much will his policy pay out on this loss?
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Accounting For Managers Financial Accounting
Authors: Morusu Sivasankar
1st Edition
6200624909, 978-6200624901
