The policyholder hit another vehicle as he swerved to avoid a hubcap lying in the middle of the road. In this two- car accident, the other driver's car sustained $3,500 in damage. This was the policyholder's first accident. Based on his auto policy, how much of the costs will the insurance policy cover?
The policyholder hit another vehicle as he swerved to avoid a hubcap lying in the middle of the road. In this two- car accident, the other driver's car sustained $3,500 in damage. This was the policyholder's first accident. Based on his auto policy, how much of the costs will the insurance policy cover?
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter16: Government Spends, Collects, And Owes
Section16.1: Growth In The Size Of Government
Problem 2R
Related questions
Question
![State Farm
State Farm Fire and Casualty Company
11350 Johns Creek Parkway
Duluth, GA 30098-0001
AT2
Matt & Sarah Justice
123 GetTheW St.
Atlanta, GA 30306
YEAR
2007
NAMED INSURED
SYMBOLS
A
DO NOT PAY PREMIUMS SHOWN ON THIS PAGE.
IF AN AMOUNT IS DUE, THEN A SEPARATE STATEMENT IS ENCLOSED.
YOUR CAR
C
D
G
H
JINA M
R1
U
MAKE
TOYOTA
MODEL
CAMRY
COVERAGE & LIMITS
11-2097-4 P
Liability Coverage
Bodily Injury Limits
Each Person, Each Accident
A
$100,000
$300,000
Property Damage Limit
Each Accident
$100,000
Medical Payments Coverage
Limit- Each Person
$1.000
BODY STYLE
4DR
Comprehensive Coverage - $200 Deductible
Collision Coverage - $1,000 Deductible
Emergency Road Service Coverage
Car Rental and Travel Expenses Coverage
Limit- Car Rental Expense
Each Day.
Each Loss
80%
menntunar
$1.000
Uninsured Motor Vehicle Coverage (Difference-In-Limits)
Bodily Injury Limits
Each Person, Each Accident
$50,000
$100,000
Property Damage Limit ($250 Deductible)
Each Accident
$50.000
Total premium for JUL 21 2017 to JAN 16 2018.
23311-4-P
FIRE OVL
DECLARATIONS PAGE
AGENT
POLICY NUMBER
35 5055-A
POLICY PERIOD JUL 21 2017 to JAN 16 2018
12:01 A.M. Standard Time
PHONE: (770)
VEHICLE ID. NUMBER
4T1B
PREMIUMS
603011H300
$544.58
$54.55
$66.98
$193.70
$4.39
$27.07
$99.19
$990.46
CLASS
PAGE 1 OF 2
This is not a bill.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16d20ca7-dba7-4113-90c2-8176a0bd0b90%2F97bbe8fe-c8b1-4468-b4b4-4d9befbc1ac5%2F8va9j2j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:State Farm
State Farm Fire and Casualty Company
11350 Johns Creek Parkway
Duluth, GA 30098-0001
AT2
Matt & Sarah Justice
123 GetTheW St.
Atlanta, GA 30306
YEAR
2007
NAMED INSURED
SYMBOLS
A
DO NOT PAY PREMIUMS SHOWN ON THIS PAGE.
IF AN AMOUNT IS DUE, THEN A SEPARATE STATEMENT IS ENCLOSED.
YOUR CAR
C
D
G
H
JINA M
R1
U
MAKE
TOYOTA
MODEL
CAMRY
COVERAGE & LIMITS
11-2097-4 P
Liability Coverage
Bodily Injury Limits
Each Person, Each Accident
A
$100,000
$300,000
Property Damage Limit
Each Accident
$100,000
Medical Payments Coverage
Limit- Each Person
$1.000
BODY STYLE
4DR
Comprehensive Coverage - $200 Deductible
Collision Coverage - $1,000 Deductible
Emergency Road Service Coverage
Car Rental and Travel Expenses Coverage
Limit- Car Rental Expense
Each Day.
Each Loss
80%
menntunar
$1.000
Uninsured Motor Vehicle Coverage (Difference-In-Limits)
Bodily Injury Limits
Each Person, Each Accident
$50,000
$100,000
Property Damage Limit ($250 Deductible)
Each Accident
$50.000
Total premium for JUL 21 2017 to JAN 16 2018.
23311-4-P
FIRE OVL
DECLARATIONS PAGE
AGENT
POLICY NUMBER
35 5055-A
POLICY PERIOD JUL 21 2017 to JAN 16 2018
12:01 A.M. Standard Time
PHONE: (770)
VEHICLE ID. NUMBER
4T1B
PREMIUMS
603011H300
$544.58
$54.55
$66.98
$193.70
$4.39
$27.07
$99.19
$990.46
CLASS
PAGE 1 OF 2
This is not a bill.
![The policyholder hit another vehicle as he swerved to
avoid a hubcap lying in the middle of the road. In this two-
car accident, the other driver's car sustained $3,500 in
damage. This was the policyholder's first accident. Based
on his auto policy, how much of the costs will the
insurance policy cover?
$0
$1000
$2500
$3500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16d20ca7-dba7-4113-90c2-8176a0bd0b90%2F97bbe8fe-c8b1-4468-b4b4-4d9befbc1ac5%2Fnx69lv5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The policyholder hit another vehicle as he swerved to
avoid a hubcap lying in the middle of the road. In this two-
car accident, the other driver's car sustained $3,500 in
damage. This was the policyholder's first accident. Based
on his auto policy, how much of the costs will the
insurance policy cover?
$0
$1000
$2500
$3500
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