5. While backing up in a parking lot, a car speeds past and you hit it. You are considered to be 100% at fault since the other driver had the right-of-way through the parking lot. You do not incur any injuries but the damage to your car is $4000. The other driver incurs bodily injury of $5000 and property damage of $15000. How much does your auto policy pay on their property damage and your property damage combined? a. $0; your policy does not pay because you are not responsible. b. $15,000 c. $18,000 d. $19,000
5. While backing up in a parking lot, a car speeds past and you hit it. You are considered to be 100% at fault since the other driver had the right-of-way through the parking lot. You do not incur any injuries but the damage to your car is $4000. The other driver incurs bodily injury of $5000 and property damage of $15000. How much does your auto policy pay on their property damage and your property damage combined? a. $0; your policy does not pay because you are not responsible. b. $15,000 c. $18,000 d. $19,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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D4)
Transcribed Image Text:5. While backing up in a parking lot, a car speeds past and you hit it. You are
considered to be 100% at fault since the other driver had the right-of-way through
the parking lot. You do not incur any injuries but the damage to your car is $4000.
The other driver incurs bodily injury of $5000 and property damage of $15000. How
much does your auto policy pay on their property damage and your property
damage combined?
a. $0; your policy does not pay because you are not responsible.
b. $15,000
c. $18,000
d. $19,000
6. You are driving your car when you skid on ice, lose control and collide into a tree.
You are injured in the accident. Your medical bills are $13,000 and your damage to
your auto is $1,000. How much will your auto policy pay on the claim?
a. $0
b. $10,000
C. $13,000
d. $14,000
7. You hit a pedestrian. The pedestrian sues you and wins a bodily injury award of
$200,000. How much will your auto policy pay?
a. $0
b. $50,000
c. $100,000
d. $200,000
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