6. Calculate auto liberty Lane coverage, Becky Fenton has 25/50/10 automobile in

Question

6. Calculate auto liberty Lane coverage, Becky Fenton has 25/50/10 automobile insurance coverage, if two other people are awarded 35,000 each for injuries and auto accident in which Becky was just at fault, how much of the judgment would the insurance cover?
7. Determine a property damage liability claim. Kurt Simmons has 50/100/15 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car damaging a storefront along the street. Damage to the parked car was 5,400 and damage to the storefront was 12,650.What amount was the insurance company pay for the damage? What amount will Kurt have to pay?

Explanation / Answer

6.

The Automobile Insurance coverage is for 25/50/10.

This means that  $50,000 is the maximum bodily injury liability payment that can be made for injuries (or death ) to all persons involved in a single accident .

Hence , the judgement would cover $50,000 of insurance cover.

7.

The Insurance Company would pay $15,000 for damages to the property.

The remaining ( 15,000-12,650 =2350) would be paid by Kurt .

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