Question
In: Operations Management
Tony Smith is listed as the named insured on an auto policy with 25/50/15 limits. He...
Tony Smith is listed as the named insured on an auto policy with 25/50/15 limits. He is involved in a car accident where he runs a red light and hits another vehicle. The other driver, Sam, claims that he has neck and back injuries from this accident.
You have been assigned this claim. What steps would you take to investigate this claim? what steps would you take to determine coverage? Determine liability?
Solutions
keosha answered 2 years agoRelated Solutions
1. Gerry has a Personal Auto Policy (PAP) with Liability coverage limits of 25/50/10 and a...
1. Gerry has a Personal Auto Policy (PAP) with Liability
coverage limits of 25/50/10 and a $1,000 Medical Payments coverage
limit. He collides with another car (he is at fault) and the
following losses are incurred.
Bodily injury to the driver of the other car = $100,000.
Bodily injury to the passenger of the other car = $3,000.
Property damage to the other car = $11,000.
Bodily injury to Gerry's wife = $5,000.
a. How much will Part A (liability...
Nick is the insured and owner of a $300,000 whole life policy. He has named his...
Nick is the insured and owner of a $300,000 whole life policy.
He has named his sister, Julie, as primary beneficiary of the
policy and his cousin, George, as the contingent beneficiary. Nick
retained the right to change beneficiaries (i.e., revocable). Which
of the following statements is incorrect?
a. Nick could make George the co-beneficiary of the policy,
without having to get permission from his sister.
b. As a revocable beneficiary, Julie only has an expectancy of
policy benefit not...
What do each number on the policy limits of 50/100/25 on an automobile insurance policy mean?
What do each number on the policy limits of 50/100/25 on an
automobile insurance policy mean?
6. Barney has a PAP with liability limits of 25/50/15 and collision coverage with a $200...
6. Barney has a PAP with liability limits of 25/50/15 and
collision coverage with a $200 deductible. While pulling his boat
and trailer—which are not listed in the policy’s declarations—to
the lake, he loses control, sideswipes the car he is passing with
his trailer, and then rams a farmer’s tree with his car. The losses
are as follows:
Barney (medical expenses)
$1,300
Barney’s girlfriend (medical expenses)
$2,450
Driver of other car
Lost income
$10,000
Medical expenses
$13,500
Mental anguish
$20,000...
brahim purchased Personal Auto Policy with liability limits of 100/250/50. Ibrahim ran a red light and...
brahim purchased Personal Auto Policy with liability limits of
100/250/50. Ibrahim ran a red light and colluded with another
vehicle. The other vehicle sustained $60,000 in property damages.
The following bodily injuries were suffered by passengers in the
other vehicle: Passenger A, $50,000; Passenger B, $120,000; and
Passenger C, $70,000. Ibrahim sustained $15,000 in medical
expenses, and Ibrahim’s car sustained $20,000 in damages. How much
will Ibrahim’s insurer pay under Part A: Liability Coverage? Select
one: a. $300,000 b. $280,000...
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?
A man named Bob Smith believes that he is Santa Claus (who delivers presents to all...
A man named Bob Smith believes that he is Santa Claus (who
delivers presents to all the children around the world on Christmas
Eve). In fact, he is not Santa, but he has believed this for many
years. He signs his name "Santa." He signs many contracts as
"Santa," and he refers to his wife as "Mrs. Claus" even though her
name is actually Betty Smith. She puts up with it, because he
really does believe he is Santa, and...
10? + 50? + 20? + 10? = 100 5? + 15? + 75? − 25?...
10? + 50? + 20? + 10? = 100
5? + 15? + 75? − 25? = 200
25a − 15? − 5? = 300
10? + 20? − 30? + 100? = 400
how to do flowchart using gauss elimination and lu decomposition
method
10? + 50? + 20? + 10? = 100 5? + 15? + 75? − 25?...
10? + 50? + 20? + 10? = 100
5? + 15? + 75? − 25? = 200
25a − 15? − 5? = 300
10? + 20? − 30? + 100? = 400
how to write coding in matlab using lu decomposition
Ryan is 50 years old and will retire in 15 years. He expects to live for...
Ryan is 50 years old and will retire in 15 years. He expects to
live for 25 years after he retires, until he is 90. He wants a
fixed retirement income that has the same purchasing power at the
time he retires as $40,000 has today. (The real value of his
retirement income will decline annually after he retires.) His
retirement income will begin the day he retires, 15 years from
today, at which time he will receive 24 additional...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- The Consumer Reports Restaurant Customer Satisfaction Survey is based upon 148,599 visits to full-service restaurant chains.†...
- Environmental law means the laws that regulate the impact of human activities on the environment which...
- I want VHDL program and testbench program for 4 bit binary full adder with fast carry...
- Task CPP Some information on the Internet may be encrypted with a simple algorithm known as...
- My physics class did an online lab thing where a charged plastic rod is brought near...
- 1.. advantage and disadvantages of the partnership and sole proprietorship? just the point no need explanation
- Given a relational database that consists of the following relations: Performer (pid: integer, pname: string, years_of_experience:...
ADVERTISEMENT