Marika Katz bought a new Blazer and has insurance coverage of 25/50/25 with $200 deductible for collision. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marika's car had damage of $9,300, and the car she struck had damage of $4,600. After a lengthy court suit, the couple struck were awarded personal injury judgments of $19,000 and $9,500, respectively. a. What will the insurance company pay for this accident? Amount paid b. What is Marika's responsibility? Amount paid
Marika Katz bought a new Blazer and has insurance coverage of 25/50/25 with $200 deductible for collision. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marika's car had damage of $9,300, and the car she struck had damage of $4,600. After a lengthy court suit, the couple struck were awarded personal injury judgments of $19,000 and $9,500, respectively. a. What will the insurance company pay for this accident? Amount paid b. What is Marika's responsibility? Amount paid
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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