Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving up...

Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marika’s car had damage of $7,700, and the car she struck had damage of $6,000. After a lengthy court suit, the couple struck were awarded personal injury judgments of $17,800 and $8,800, respectively.

a. What will the insurance company pay for this accident?

Amount paid $

b. What is Marika’s responsibility?

Amount paid $

Expert Solution

Bodily injury to others: 10/20. This means that the insurance company will pay damages to people injured or killed by your auto up to $10,000 for injury to one person per accident or a total of $20,000 for injuries to two or more people per accident.

Property damage to someone else’s property: 5. The insurance company will pay up to $5,000 for damages that you have caused to the property of others.

ekkarill92 answered 2 years ago

Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving up...

Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marika’s car had damage of $9,800, and the car she struck had damage of $8,100. After a lengthy court suit, the couple struck were awarded personal injury judgments of $15,700 and $6,700, respectively. a. What will the insurance company pay for this accident? Amount paid $ b. What...

Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving up...

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Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving up...

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