Kurt has 25/50/25 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. The damage to the parked car was $9,000, and the damage to the store was $20,300. a. What amount will the insurance company pay for the damage? Amount paid b. What amount will Kurt have to pay? Amount paid

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter10: Protecting Your Property
Section: Chapter Questions
Problem 4FPE
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Kurt has 25/50/25 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront
along the street. The damage to the parked car was $9,000, and the damage to the store was $20,300.
a. What amount will the insurance company pay for the damage?
Amount paid
b. What amount will Kurt have to pay?
Amount paid
Transcribed Image Text:Kurt has 25/50/25 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. The damage to the parked car was $9,000, and the damage to the store was $20,300. a. What amount will the insurance company pay for the damage? Amount paid b. What amount will Kurt have to pay? Amount paid
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