John carries 100/200 liability limits, $50,000 property damage limits, and $350 deductible collision insurance. He was...

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John carries 100/200 liability limits, $50,000 property damage limits, and $350 deductible collision insurance. He was recently involved in an accident in which he skidded on wet pavement and struck another vehicle occupied by a husband and wife. Damage to the victims' car was $4485 and to John's car was $3585. Following a court suit, the husband and wife were each awarded $125,000 for injuries, pain and suffering. Make sure to (10 pts) explain all of your answers. a) Find the amount that the insurance company will pay for repairing John's car. Why? b) Find the amount that the insurance company will pay for repairing the couple's car. Why? c) Find the amount that the insurance company will pay for personal injury damages to the husband and wife. Why? To the husband? Why? To the wife? Why? d) How much must John pay out of his own pocket? Why? John carries 100/200 liability limits, $50,000 property damage limits, and $350 deductible collision insurance. He was recently involved in an accident in which he skidded on wet pavement and struck another vehicle occupied by a husband and wife. Damage to the victims' car was $4485 and to John's car was $3585. Following a court suit, the husband and wife were each awarded $125,000 for injuries, pain and suffering. Make sure to (10 pts) explain all of your answers. a) Find the amount that the insurance company will pay for repairing John's car. Why? b) Find the amount that the insurance company will pay for repairing the couple's car. Why? c) Find the amount that the insurance company will pay for personal injury damages to the husband and wife. Why? To the husband? Why? To the wife? Why? d) How much must John pay out of his own pocket? Why?

Answer rating: 100% (QA)

ANSWER Step 2 Explanation A Because John has collision insurance with a coverage amount of 3585 the cost of repairing his vehicle will be covered by the insurance company When it comes to insurance th... View the full answer