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?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter10: Managing Property And Liability Risk

Section: Chapter Questions

Problem 2FPC

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13. Determining What Amount the Insurance Company will Pay for the Accident. Eric's E Ford Mustang and Susan's Toyota Prius are insured with the same insurance agent. They have 50/100/15 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 $4,300 and the damage to the store was $15,400. What amount will the insurance company pay for Susan's car accident? P Type here to search
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