John has a PAP with the following coverages and terms/conditions: Liability coverages: $250,000/$500,000/$50,000 Medical Payments coverage: $10,000
Fantastic news! We've Found the answer you've been seeking!
Question:
- John has a PAP with the following coverages and terms/conditions:
- John’s friend is driving the family car with permission and causes an accident. He is sued and a jury awards three victims (in the other vehicle) $250,000 each for bodily injuries.
- While lawfully crossing the roadway, John is struck by a hit-and-run driver. John sustains bodily injuries in the amount of $100,000.
- John’s passenger window is smashed during an attempt to steal his wallet and smart device in the front seat.
- John’s son attends college at UHart. While driving to campus, he rear-ends another vehicle causing minor damages ($5,000). Thankfully, neither driver sustains personal injuries.
Liability coverages: $250,000/$500,000/$50,000
Medical Payments coverage: $10,000 each person
Uninsured motorists’ coverage (bodily injury only): $50,000 each person ($10,000 deductible)
Collision loss: $2,500 deductible
Other-than-collision loss: $1,000 deductible
With respect to each of the following situations (5 points each), please indicate whether the loss is covered (yes/no & which section) and the amount payable, if any, under John’s PAP. Assume that each situation is a separate event (I am not looking for cumulative math across all problems).
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0134082578
13th edition
Authors: George E. Rejda, Michael McNamara
Posted Date: