Hb2. Charles and his two friends were driving back from a football game in the snow and crashed into an embankment after driving over amailbox. He had $3800 damage to his vehicle, $320 for the mailbox, and his rear passenger wasn't wearing a seatbelt and he suffered aneck injury that resulted in $13300 in chiropractor expenses. His personal auto policy has coverage limits of 25/50/10, collisioncoverage with a $500 deductible, and comprehensive with a $250 deductible. What will his insurance company pay?$3550 from comprehensive, $320 property liability, and $10000 medical$3300 from collision, $320 property liability, and $13300 in medical$3300 from collision, $50 comprehensive, and $10000 in medical$3550 from comprehensive, $50 property liability, and $13300 medical

The 25 in 25/50/10 refers to $25,000 and is the maximum amount that the insurer will pay out for…

Answered: Charles and his two friends were…

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter10: Deduct Ions And Losses: Certain Itemized Deduct Ions

Section: Chapter Questions

Problem 9DQ

See similar textbooks

Similar questions

Michael has split - limit coverage equal to 50/100/25 on his vehicle. Yesterday, Michael rear ended a new Mercedes as he was driving to work. The damage to the other car totaled $33,000, while the medical bill for the other driver was $15,000. If Michael incurred $4,500 in damage to his own car, how much will Michael's insurance company pay him (without regard to the deductible) from his split - limit policy for the accident?
Paul's car sild off the icy road, causing $2.000 in damage to his car. He was also treated for minor injuries, costing $1,400. His car insurance has a $500 deductible, after which the full loss is paid His health insurance has a $250 deductible and covers 80% of medical cost. What were Paul's out-of-pocket costs from the incident? Paul's out-of-pocket costs are $(630). (Round your response to the nearest penny)
Martin hits into a tree when driving his own car. He is injured with a medical expense of $1,000; Martin's friend Jordan who sits in Martin's car is also injured with a medical expense of $2,500. Both Martin and Jordan have PAP policies with medical payment coverage limit of $5,000/person. The amount Martin's insurance needs to pay for this accident is O a. $1,000, O b. $2,500, O c. $3,500 O d. Nothing since it is Martin's fault
Jamie has 100/300/100 vehicle insurance. He has a $100 deductible on comprehensive and a $1,000 deductible on collision. Jamie had an at fault crash into another vehicle while texting. Carolyn, Larry, and Maria, the driver and passengers in the other vehicle, were injured. Carolyn's medical care was $34.664 and Maria's medical care was $57,025. Larry was not injured. Their car required $12,320 to repair. Jamie's vehicle had $11,570 in damages but he had no injuries. How much will the insurance company be responsible for paying and to whom? How much, if any, will Jamie be responsible for paying? How much, if any, will Jamie be responsible tor paying for any medical caro? O A. Jamie is responsible for paying only Carolyn's modical care, $34,664. OB. Jamie is responsible for paying only Maria's medical care, $57,025. O. Jamie is rosponsible for paying Carolyn's and Maria's medical care, $91,689. OD. Jamie is not responsible for paying any medical care. > How much, it any, will the…
Bill recently had his truck slide off a gravel road and strike a tree. Bill's vehicle suffered $17,500 in damage. The truck has a book value of $40,000. Bill carried collision insurance with a $500 deductible. How much will Bill be reimbursed by his policy?
Raymond has $12,000 worth of property damage insurance and a $1,200 deductible collision insurance policy. He had a tire blowout while driving and crashed into a $1,500 brick wall. The crash caused $3,800 in damages to his car. a. How much will the insurance company pay for the brick wall? b. How much will the insurance company pay for the damage to the car? $ 27
Eric’s Ford Mustang and Susan’s Toyota Prius are insured by the same insurance agent. They have 50/100/15 vehicle insurance coverage. The very week of the windstorm, Susan had an accident. She lost control of her car, hit a parked car, and damaged a storefront. The damage to the parked car was $8,100 and the damage to the store was $17,400. What amount will the insurance company pay for Susan’s car accident?
Eric's Ford Mustang and Susan's Toyota Prius are insured with the same insurance agent. They have 100/300/50 vehicle insurance coverage. The very week of the windstorm, Susan had an accident. She lost control of her car, hit a parked car, and damaged a storefront. The damage to the parked car was $8,300 and the damage to the store was $52,500. What amount will the insurance company pay for Susan's car accident? Insurance covered amount
Jim Nike of Rifle, Colorado, recently had his truck slide off a gravel road and strike a tree. Jim's vehicle suffered $16,000 in damage. The truck has a book value of $25,000. Jim carried collision insurance with a $1,000 deductible. Bill will be reimbursed
Robert had an accident and injured a driver and her car. He has auto insurance with the minimum coverage for Illinois. He also has medical payments coverage of $1,000 and a $250 deductible on his collision coverage. The driver's injuries cost $5,000 and damages to her car cost $3,000. Robert's car had damages costing $4,000. How much will the Insurance company pay for these claims? $12,000 $11,250 $11,750 $3,750
Megan crashed her car into another vehicle. The damage to her car cost $2,568 to repair. Damage to the other vehicle cost $6,820. Megan's collision coverage has a $1,000 deductible. Her property damage liability is $5,000. How much will her insurance company pay for repairs?
You and the driver of the other car were the only people involved in the accident. You were not injured. You have a 50/100/50 liability insurance policy with no deductible. You have collision insurance with a deductible of $1,000. The other driver's bodily injury claim is $60,000 for medical expenses related to a broken leg. The other car was valued at $25,000 and requires $7,000 in repairs. Your car was valued at $13,000 and requires $15,000 in repairs. The accident damaged a city light pole that will cost $1,800 to replace. Use the information above to determine the following: the total amount your liability insurance will pay for the accident the total amount your collision insurance will pay for the accident the amount of additional damages you are responsible for as a result of the accident

SEE MORE QUESTIONS

Recommended textbooks for you

SWFT Comprehensive Vol 2020

Accounting

ISBN:

9780357391723

Author:

Maloney

Publisher:

Cengage

SWFT Comprehensive Volume 2019

Accounting

ISBN:

9780357233306

Author:

Maloney

Publisher:

Cengage

Individual Income Taxes

Accounting

ISBN:

9780357109731

Author:

Hoffman

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SWFT Comprehensive Vol 2020

Accounting

ISBN:

9780357391723

Author:

Maloney

Publisher:

Cengage

SWFT Comprehensive Volume 2019

Accounting

ISBN:

9780357233306

Author:

Maloney

Publisher:

Cengage

Individual Income Taxes

Accounting

ISBN:

9780357109731

Author:

Hoffman

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SWFT Individual Income Taxes

Accounting

ISBN:

9780357391365

Author:

YOUNG

Publisher:

Cengage

CONCEPTS IN FED.TAX., 2020-W/ACCESS

Accounting

ISBN:

9780357110362

Author:

Murphy

Publisher:

CENGAGE L

Pfin (with Mindtap, 1 Term Printed Access Card) (…

Finance

ISBN:

9780357033609

Author:

Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:

Cengage Learning

SEE MORE TEXTBOOKS

Charles and his two friends were driving back from a football game in the snow and crashed into an embankment after driving over a mailbox. He had $3800 damage to his vehicle, $320 for the mailbox, and his rear passenger wasn't wearing a seatbelt and he suffered a