Rusty Reft, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300 deductible. Rusty was at fault in an accident that caused $2,100 damage to the other auto and $2,400 damage to his own. Also, the courts awarded $13,500 and $8,500, respectively, to the two passengers in the other car for personal Injuries. a. How much will the Insurance company pay? Amount paid
Rusty Reft, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300 deductible. Rusty was at fault in an accident that caused $2,100 damage to the other auto and $2,400 damage to his own. Also, the courts awarded $13,500 and $8,500, respectively, to the two passengers in the other car for personal Injuries. a. How much will the Insurance company 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 6FPE
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Please answer both a and b
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