Robert had an accident and injured a driver and her car. He has auto insurance with the minimum coverage for Illinois He also has medical payments coverage of $1,000 and a $250 deductible on his collision coverage. The driver's injuries cost $5,000 and damages to her car cost $3,000. Robert's car had damages costing $4,000. How much will the Insurance company pay for these claims? O A. $11,750 OB. $11,250 OC. $3,750 O D. $12,000

Robert had an accident and injured a driver and her car. He has auto insurance with the minimum coverage for Illinois He also has medical payments coverage of $1,000 and a $250 deductible on his collision coverage. The driver's injuries cost $5,000 and damages to her car cost $3,000. Robert's car had damages costing $4,000. How much will the Insurance company pay for these claims? O A. $11,750 OB. $11,250 OC. $3,750 O D. $12,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Tanner has a family and has chosen Plan C. Tanner has not used health insurance yet this year. Tanner goes to the hospital for some services and the bill is $1,000. How much of the bill will Tanner’s insurance pay?How much of the bill will Tanner pay
Robert wishes to obtain auto insurance. He wants 10/20/5 liability coverage, $250 deductible collision, and $100 deductible comprehensive. He lives in territory 3 and has been assigned to driver class 3 with a rating factor of 1.65. Based on Table 19-6 and Table 19-7, what would be his total premium (in $), if his 5-year old car is in model class X? Round your answer to the nearest cent. $
14. A taxpayer was in an automobile accident while he was going to work. He was in a rehabilitation facility for ten months re-learning how to walk. The resulting lawsuit was settled, and he received the following amounts for: medical expenses lost wages emotional distress due to injuries punitive damages O $500,000 O $25,000 How much of the settlement must he include in gross income on his tax return? O $575,000 $ 120,000 75,000 O $0 25,000 500,000
George Little lives in territory 5, is a driver classified 17, and has a car with age 2 symbol 5. His state requires compulsory insurance (10/20/5). George wants to add collision with a $200 deductible and comprehensive with a $200 deductible. How much more will his policy cost?
Scott was involved in an auto accident in which he was at fault. His own car sustained $2,780 damages and the other vehicle cost $2,848 to repair. Scott was not injured, but the driver of the other car required medical treatment costing $33,180. Scott's policy includes 10/20/5 liability, $500 deductible collision, and full coverage comprehensive. How much of the damages must the insurance company pay? a. $15,128 b. $25,128 c. $33,180 d. $38,808
Please answer both a and b Thanks
29. Brenda filed suit against her insurance company for deceptive trade practices. She seeks $5,000 in damages; $12,000 for mental anguish; and $10,000 for attorney fees. Her insurance company countersues for slander and seeks $10,000. If the court awards both parties what they are asking, how much would Brenda receive in most jurisdictions? a. $10,000 ob. $17,000 OC. $28,000 Od. $30,000
Personal automobile policy coverage. Zachary Lee has a personal automobile policy [PAP] with coverage of $25,000/$50,000 for bodily injury liability, $25,000 for property damage liability, $5,000 for medical payments, and a $500 deductible for collision insurance. How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs? Zachary loses control and skids on ice, running into a parked car and causing $3,785 damage to the unoccupied vehicle and $2,350 damage to his own car. Zachary runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $30,000 each. Zachary’s 18-year old son borrows his car. He backs into a telephone pole and causes $450 damage to the car.
V8.
On July 15, Adler purchased in Chicago a Buick sedan, intending to drive it that day to St. Louis, Missouri. He telephoned a friend, Maruchek, who was in the insurance business, and told him that he wanted liability insurance on the automobile, limited in amount to $50,000 for injuries to one person and to $100,000 for any one accident. Maruchek took the order and told Adler over the telephone that he was covered and that his policy would be written by the Young Insurance Company. Later that same day and before Maruchek had informed the Young Insurance Company of Adler’s application, Adler negligently operated the automobile and seriously injured Brown, who brings suit against Adler. Is Adler covered by liability insurance?
Eric's Ford Mustang and Susan's Toyota Prius are insured with the same insurance agent. They have 100/300/50 vehicle insurance coverage. The very week of the windstorm, Susan had an accident. She lost control of her car, hit a parked car, and damaged a storefront. The damage to the parked car was $8,300 and the damage to the store was $52,500. What amount will the insurance company pay for Susan's car accident? Insurance covered amount
5. Mr. Ali insured his car for a RO 60,000 with Al Ahlia Insurance and the same car he insured for a RO 90,000 with Takaful insurance. An accident happened and the estimated loss is RO 48,000. How much Mr. Ali can claim from each insurance company? A) Mr. Ali can claim RO 27,000 from Takaful insurance and RO 21,000 from Vision insurance B) Mr. Ali can claim RO 28,800 from Takaful insurance and RO 19,200 from Vision insurance C) Mr. Ali can claim RO 30,000 from Takaful insurance and RO 18,000 from Vision insurance D) Mr. Ali can claim RO 24,000 from Takaful insurance and RO 24,000 from Vision insurance

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