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
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 48P
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Question
CH 20 Q 9
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6c939943-f505-46a2-8642-caa114ee122b%2Ff72646ff-3160-444b-8ef2-3ba33f003b59%2F38u6tfs4_processed.png&w=3840&q=75)
Transcribed Image Text: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
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