Assume you have a Personal Automobile Policy with 50/100/10 split limits. You are responsible for an accident which causes property damage to a sidewalk cafe and injures four persons. The injured people successfully sue you for $5,000, $10,000, $30,000 and $80,000 and the café owner successfully sue you for $5,000. Your insurance company will pay: a. $65,000 b. $67,500 c. $127,500 d. $130,000 e. None of the above

CONCEPTS IN FED.TAX.,2020-W/ACCESS
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ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter7: Losses—deductions And Limitations
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A3) Finance Assume you have a Personal Automobile Policy with 50/100/10 split limits. You are responsible for an accident which causes property damage to a sidewalk cafe and injures four persons. The injured people successfully sue you for $5,000, $10,000, $30,000 and $80,000 and the café owner successfully sue you for $5,000. Your insurance company will pay: a. $65,000 b. $67,500 c. $127,500 d. $130,000 e. None of the above
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