6. Kurt Simmons has 50/100/15 auto insurance coverage. One evening he lost control of his vehicle...

6. Kurt Simmons has 50/100/15 auto insurance coverage. One evening he lost control of his vehicle hitting a parked car and damaging a store front along the street. Damage to the parked car was $6,400 and damage to the store was $10,650. What amount will the insurance company pay for damages? What amount will Kurt have to pay?

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Expert Solution

Answer: 50/100/15 means the Insurance Company will pay at max $15000 for the property damages. rest will have to be borne by you.

50/100 is for the Physical injuries

Total physical damage caused is $17050 ($6,400 + $10,650)

Max the insurance Company will pay is $15,000 rest will be paid by Kurt Simmons

$17050 - $15,000 = $2050 will be the amount to be paid by Kurt Simmons

jeff jeffy answered 1 year ago

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