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Clancy's car was relatively unharmed by the collision but required $800 in minor repairs; Hilary's car was destroyed, making Clancy liable for paying the $9,300 replacement value. Hilary's car was pushed onto a nearby sidewalk on impact, destroying a nearby lawn and causing additional damage to a parked car. This damage totaled $7,254. ancy's liability coverage also will reimburse him for up to $ mcket in property liability damages. Which of the following is true regarding the damage to his own car? in property damage, so he is responsible for paying It will be reimbursed up to the difference between his liability coverage and the damage to other property. O It is not covered under his policy. O It will be reimbursed fully, minus the $100 deductible. out-of-

Clancy's car was relatively unharmed by the collision but required $800 in minor repairs; Hilary's car was destroyed, making Clancy liable for paying the $9,300 replacement value. Hilary's car was pushed onto a nearby sidewalk on impact, destroying a nearby lawn and causing additional damage to a parked car. This damage totaled $7,254. ancy's liability coverage also will reimburse him for up to $ mcket in property liability damages. Which of the following is true regarding the damage to his own car? in property damage, so he is responsible for paying It will be reimbursed up to the difference between his liability coverage and the damage to other property. O It is not covered under his policy. O It will be reimbursed fully, minus the $100 deductible. out-of-

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Clancy's car was relatively unharmed by the collision but required $800 in minor repairs; Hilary's car was destroyed, making Clancy liable for paying the $9,300 replacement value. Hilary's car was pushed onto a nearby sidewalk on impact, destroying a nearby lawn and causing additional damage to a parked car. This damage totaled $7,254. Clancy's liability coverage also will reimburse him for up to $ in property damage, so he is responsible for paying pocket in property liability damages. Which of the following is true regarding the damage to his own car? It will be reimbursed up to the difference between his liability coverage and the damage to other property. O It is not covered under his policy. O It will be reimbursed fully, minus the $100 deductible. out-of-
Transcribed Image Text:Clancy's car was relatively unharmed by the collision but required $800 in minor repairs; Hilary's car was destroyed, making Clancy liable for paying the $9,300 replacement value. Hilary's car was pushed onto a nearby sidewalk on impact, destroying a nearby lawn and causing additional damage to a parked car. This damage totaled $7,254. Clancy's liability coverage also will reimburse him for up to $ in property damage, so he is responsible for paying pocket in property liability damages. Which of the following is true regarding the damage to his own car? It will be reimbursed up to the difference between his liability coverage and the damage to other property. O It is not covered under his policy. O It will be reimbursed fully, minus the $100 deductible. out-of-
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