In: Finance
Becky Fenton has 35/40/15 automobile insurance coverage. If two other people are awarded $50000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover?
In 35/40/15, 35 means that $35000 is the maximum bodily injury liability for one person, 40 means that a total of $40000 is the maximum amount bodily injury liability covered for all people injured in the accident. 15 means that $15000 is the maximum liability covered for property damage
Total amount awarded to for two people injured = 50000*2 = $100000
However, a total of $40000 (out of $100000) will be covered in the insurance