Allen was involved in an auto accident in which he was at fault.  His car sustained damages in the amount of $1,327.  The other vehicle had damages costing $ 1,309, in repairs.  Allen was not injured, but the other driver required medical treatment costing $22,619 and the passenger's injuries cost $24,051.  Additional property damage amounted to $3,460.  Allen's policy includes 50/100/50 liiability, $250 deductible collision and full coverage comprehensive.  Determine the amount of damagees the insurance company is required to pay?

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
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Allen was involved in an auto accident in which he was at fault.  His car sustained damages in the amount of $1,327.  The other vehicle had damages costing $ 1,309, in repairs.  Allen was not injured, but the other driver required medical treatment costing $22,619 and the passenger's injuries cost $24,051.  Additional property damage amounted to $3,460.  Allen's policy includes 50/100/50 liiability, $250 deductible collision and full coverage comprehensive.  Determine the amount of damagees the insurance company is required to pay?

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