You are the named insured under a PAP in which the only vehicle described in the...
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You are the named insured under a PAP in which the only vehicle described in the policy Declarations is a Ford Explorer. A car thief steals your Explorer, but the police recover the vehicle 12 days later. During that time, the thief's reckless driving causes significant wear and tear to the vehicle, including major road damage to the tires, that costs $2,800 to repair and requires that the Explorer be in the repair shop for an additional 5 days after it was recovered. While the car is lost and in the shop, you spend $35 per day on cab fares to get around. Your Part D deductible is $500. How much of these losses would be covered under Part D: Coverage for Damage to Your Auto of your PAP? (Round your answer to the nearest dollar. Do NOT include a dollar sign or a comma in your answer.) Your Answer: Answer You are the named insured under a PAP in which the only vehicle described in the policy Declarations is a Ford Explorer. A car thief steals your Explorer, but the police recover the vehicle 12 days later. During that time, the thief's reckless driving causes significant wear and tear to the vehicle, including major road damage to the tires, that costs $2,800 to repair and requires that the Explorer be in the repair shop for an additional 5 days after it was recovered. While the car is lost and in the shop, you spend $35 per day on cab fares to get around. Your Part D deductible is $500. How much of these losses would be covered under Part D: Coverage for Damage to Your Auto of your PAP? (Round your answer to the nearest dollar. Do NOT include a dollar sign or a comma in your answer.) Your Answer: Answer
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Insurance coverage means the riskbenefit from any thief loss by fire or any other reason ... View the full answer
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Posted Date:
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