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Poor visibility caused Vicky Weiner's car to crash into another car. She had 25/

Business & Finance
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Poor visibility caused Vicky Weiner's car to crash into another car. She had 25/50/10 vehicle insurance and collision coverage with a $300 deductible. Damage to her car was $3687 and to the other car was $11,200. The driver of the other car had $43,000 in medical expenses and the passenger of the other car had $37,000 in medical expenses. How much will the company pay and how much must Vicky Weiner pay?

Apr 24th, 2015

She has collision coverage - so out damage to her car she will only pay $300 deductible and Insurance will pay the rest $3387

As for the liability: the total maximum per accident covered is $50 000 , so if we add $43 000+$37 000 = $80 000, so Insurance will pay $50 000 and she will have to pay $30 000. 

for the property damage the limit on her insurance is $10 000 and she will still be responsible for $1 200

So the total Vicky will pay is $300 + $30 000 +$1 200 = $31 500

and insurance will pay $50 000 + $ 10 000 + $3 387 = $63 378


Let me know if you have any questions and please best my answer


Apr 24th, 2015

Please best my answer.

Apr 24th, 2015

Bonds repay the face value in a lump sum in the future. A) True B) False

Apr 24th, 2015

At a maturity date - yes it is one of the options.

Apr 24th, 2015

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