PERSONAL FINANCE
PERSONAL FINANCE
8th Edition
ISBN: 9780134730981
Author: KEOWN
Publisher: PEARSON
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Chapter 10, Problem CC.13Q
Summary Introduction

To determine:

The amount that D’s policy would pay if C or T was at fault for an accident that resulted in $65,000 of bodily injury losses.

Introduction:

Split limit insurance refers to a provision under insurance in which a person can split up its insurance coverage needs for different components for claim. A slip limit of 100/300 would mean to lowest limit of coverage would be $100,000 per person per incident for bodily injury and highest limit of coverage would be $300,000 per person per incident for bodily injury.

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