In: Finance
Josh Edwards was judged at fault in an automobile accident. Three others were awarded damages of $200,000, $100,000, and $100,000. Josh has 100/400 bodily injury liability coverage. What amount, if any, would not be covered by his insurance? Select one: a. $200,000 b. $100,000 c. $50,000 d. $25,000 e. None. The total amount would be covered by insurance .
B.100,000
100/400 means that 100,000 per person for bodily injury is given by the insurance company.
400,000 is the maximum per accident.
Here since first person is awarded 200,000 only 100,000 will be given by insurance company, remaining will be borne by Josh.
100,000 each for other two persons will be given by insurance t.