Charles and his two friends were driving back from a football game in the snow and crashed into an embankment after driving over a mailbox. He had $3800 damage to his vehicle, $320 for the mailbox, and his rear passenger wasn't wearing a seatbelt and he suffered a
Charles and his two friends were driving back from a football game in the snow and crashed into an embankment after driving over a mailbox. He had $3800 damage to his vehicle, $320 for the mailbox, and his rear passenger wasn't wearing a seatbelt and he suffered a
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 23CE
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Question
Hb2.
![Charles and his two friends were driving back from a football game in the snow and crashed into an embankment after driving over a
mailbox. He had $3800 damage to his vehicle, $320 for the mailbox, and his rear passenger wasn't wearing a seatbelt and he suffered a
neck injury that resulted in $13300 in chiropractor expenses. His personal auto policy has coverage limits of 25/50/10, collision
coverage with a $500 deductible, and comprehensive with a $250 deductible. What will his insurance company pay?
$3550 from comprehensive, $320 property liability, and $10000 medical
$3300 from collision, $320 property liability, and $13300 in medical
$3300 from collision, $50 comprehensive, and $10000 in medical
$3550 from comprehensive, $50 property liability, and $13300 medical](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F73bf0eb6-ff4e-40bf-ba1b-329810da3d0d%2F58a99499-632f-4937-a05d-ef57f0b6aab6%2Fvu0cbz7_processed.png&w=3840&q=75)
Transcribed Image Text:Charles and his two friends were driving back from a football game in the snow and crashed into an embankment after driving over a
mailbox. He had $3800 damage to his vehicle, $320 for the mailbox, and his rear passenger wasn't wearing a seatbelt and he suffered a
neck injury that resulted in $13300 in chiropractor expenses. His personal auto policy has coverage limits of 25/50/10, collision
coverage with a $500 deductible, and comprehensive with a $250 deductible. What will his insurance company pay?
$3550 from comprehensive, $320 property liability, and $10000 medical
$3300 from collision, $320 property liability, and $13300 in medical
$3300 from collision, $50 comprehensive, and $10000 in medical
$3550 from comprehensive, $50 property liability, and $13300 medical
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