Vivian is a college student with auto liability limits of 100/300/100. She also has a $1,000,000 umbrella policy. Assuming Vivian's auto limits meet the underlying insurance requirements for the umbrella policy, answer the following: Vivian was rushing home from work last week so that she wouldn't miss Game of Thrones. Right before she pulled into the parking garage, she side-swiped another car (the other car did not have insurance). Vivian was deemed to be at-fault and the other driver sustained $150,000 worth of medical expenses. The other car had damage of $150,000. How much, if any, will Vivian's umbrella policy pay out for this accident?
Vivian is a college student with auto liability limits of 100/300/100. She also has a $1,000,000 umbrella policy. Assuming Vivian's auto limits meet the underlying insurance requirements for the umbrella policy, answer the following: Vivian was rushing home from work last week so that she wouldn't miss Game of Thrones. Right before she pulled into the parking garage, she side-swiped another car (the other car did not have insurance). Vivian was deemed to be at-fault and the other driver sustained $150,000 worth of medical expenses. The other car had damage of $150,000. How much, if any, will Vivian's umbrella policy pay out for this accident?
Chapter10: Managing Property And Liability Risk
Section: Chapter Questions
Problem 2FPC
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