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 deer that jumps out in front of his car. His car will cost $10,676 to repair. His medical bills from this accident run at $1,500, it costs $82 to tow his car from the scene of this accident, and he has to rent a car for nine days while his car is being repaired. The rental car costs $21 per-day. How much will his policy pay out on this loss?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
