Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Susan is insured with a Personal Auto Policy (PAP). The declarations list the following coverages. Coverage ALiability $ 300,000 Coverage BMedical Payments $ 5,000 Coverage

Susan is insured with a Personal Auto Policy (PAP). The declarations list the following coverages. Coverage ALiability $ 300,000 Coverage BMedical Payments $ 5,000 Coverage CUninsured Motorists $ 300,000 Coverage DOther Than Collision (OTC) Deductible $ 500 Coverage DCollision Deductible $ 1,000 Susan is in a serious auto accident when a motorist going the wrong way on a highway ramp collides with her car. Susan's car sustains extensive damage totaling $11,600. The actual cash value (ACV) of the car is $9,600. Susan decides to collect from her own insurer for this loss. Under the coverage provisions of the PAP, what amount will the insurer pay Susan for the damage to her car? Available answer options Select only one option A $8,600 B $9,100 C $10,600 D $11,100

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

Step: 3

blur-text-image

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

Horngrens Financial & Managerial Accounting The Financial Chapters

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

0133255573, 978-0133255577

More Books

Students also viewed these Accounting questions

Question

Solve for the variable indicated. C = 2r for r

Answered: 1 week ago

Question

1. Too understand personal motivation.

Answered: 1 week ago