Ricky Bobby drove his car into a home and wiped out the car in front of...

Ricky Bobby drove his car into a home and wiped out the car in front of him, the home, and a pedestrian. Ricky Bobby has auto liability insurance of 25/50/10. He also has medical payments coverage of $1,000 and a $250 deductible on his collision coverage. The following damage resulted:

Pedestrian's claims	$29,000
Ricky's injuries	1,500
Other driver's claims	12,000
Passenger's (in other car) claims	20,000
Damage to Ricky's car	11,500
Damage to other car	12,500
Damage to the home	8,000

How much will Ricky's auto insurance coverage pay for this accident? How much will Ricky Bobby be personally responsible for?

Solutions

Expert Solution

Insurance Ricky

Pedestrian $25,000 $4,000

Other driver 12,000

Passenger 20,000

Total bodily injury $50,000 7,000

Other car 12,500

Home 8,000

Total property damage liability$20,500 10,000 10,500

Ricky’s injuries 1,000 500

Ricky’s car 11,250 250

Total payment $72,250 $22,250

jeff jeffy answered 2 years ago

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