3. David has a personal injury protection policy that covers each person in, on, around, or under his car for medical expenses up to $25,000. He is involved in an accident and three people in his car are hurt. One person has $5,000 of medical expenses, two people each have $2000 worth of medical expenses, and David himself has medical expenses totaling $15,000. How much money must the insurance company pay out for these four people?

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Motor Vehicle Insurance

Motor vehicle insurance is a contract between the insurance company that provides insurance cover and the person who owns the vehicle. According to the terms and conditions of the insurance contract, the insurance company reimburses the policyholder for losses and damages. This insurance policy covers the financial risks of the motor vehicle owner. Electronic vehicles are also covered in a vehicle insurance policy, but the insurance rate is relatively higher than other motor vehicle insurance. Motor vehicle insurance is otherwise called an automotive insurance policy.