While on vacation in the U.S.A. your insured's Cadillac is damaged in an accident for minimum limits of $15,000/$30,000 Bodily Injury, and $10,000 Property Dam for $20,000 damage to your insured's automobile. Your insured has an O.A.P. 1 C Property Damage with standard deductible, OPCF 44R-Family Protection Coverage claim be paid? OA) $19,500 under the insured's Direct Compensation-Property Damage covera OB) Nothing under the OPCF 44R and $10,000 under the Georgia policy. OC) $10,000 under the OPCF 44R and $9,500 under Direct Compensation-Prop OR$1d200 under the OPCF 44R and $10,000 under the Georgia policy.
While on vacation in the U.S.A. your insured's Cadillac is damaged in an accident for minimum limits of $15,000/$30,000 Bodily Injury, and $10,000 Property Dam for $20,000 damage to your insured's automobile. Your insured has an O.A.P. 1 C Property Damage with standard deductible, OPCF 44R-Family Protection Coverage claim be paid? OA) $19,500 under the insured's Direct Compensation-Property Damage covera OB) Nothing under the OPCF 44R and $10,000 under the Georgia policy. OC) $10,000 under the OPCF 44R and $9,500 under Direct Compensation-Prop OR$1d200 under the OPCF 44R and $10,000 under the Georgia policy.
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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Transcribed Image Text:While on vacation in the U.S.A. your insured's Cadillac is damaged in an accident with a Georgia registered automobile, insured
for minimum limits of $15,000/$30,000 Bodily Injury, and $10,000 Property Damage Liability. The Georgia driver is 100% liable
for $20,000 damage to your insured's automobile. Your insured has an O.A.P. 1 Owner's Policy including Direct Compensation-
Property Damage with standard deductible, OPCF 44R-Family Protection Coverage but no Collision insurance. How would the
claim be paid?
OA) $19,500 under the insured's Direct Compensation-Property Damage coverage.
OB) Nothing under the OPCF 44R and $10,000 under the Georgia policy.
OC) $10,000 under the OPCF 44R and $9,500 under Direct Compensation-Property Damage coverage.
OD) $1000 under the OPCF 44R and $10,000 under the Georgia policy.
Transcribed Image Text:A building worth $500,000 is insured for $300,000 under a policy with a 90% co-insurane
causing a loss of $500,000. How much would the insurer pay?
OA) $270,000.00.
OB) $240,000.00.
OC) $300,000.00.
OD) $333,333.33.
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