In: Finance
Kurt Simmons has 60/140/15 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $7,600, and damage to the store was $22,320. |
a. |
What amount will the insurance company pay for the damages? |
Insurance payment | $ |
b. |
What amount will Kurt have to pay? |
Personal liability | $ |