Becky Fenton has 35/60/15 automobile insurance coverage. If two other people are awarded $70000 each for...

Becky Fenton has 35/60/15 automobile insurance coverage. If two other people are awarded $70000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover?

Round your answer to the nearest whole number.

Answer:

Expert Solution

Ans- To answer this question first let us understand the number 35/60/15 in automobile insurance.

35- In automobile insurance 35 means $35000 which each person can get for bodily injury if it is at your fault. for example, if you injured a person in an accident by fault then the medical company would pay a maximum up to $35000 for that bodily injury and the rest will be paid by you.

60- This means the maximum amount the insurance company can give for injuring more than one person in an accident would be $60000 and per person would get maximum up to $35000. suppose in an accident 3 persons are injured so, in that case, the insurance company will pay the bill for all the three persons up to $60000 and max per person can get would be $35000.

15- This the amount is given for property damage caused by you in an accident and it would be maximum up to $15000.

So according to this question, it is given that each person would get $70000 but the maximum amount the insurance company would pay if more than one person is injured will be $60000 and per person would get $35000.

That means the insurance company would pay $60000 for all the injured person i.e 2 in this question and the rest would be covered by Becky Fenton

Total amount costs in this accident for 2 people is $140000 (each $70000) but $60000 is paid by an insurance company that means the amount paid by Becky would be $140000-$60000 =$80000. so this is the amount paid by Becky and $60000 is covered under the insurance company.

jeff jeffy answered 2 years ago

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