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 | $ | |