Felix has $10,000 worth of property damage insurance and a $1,000 deductible collision insurance policy. He had
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Felix has $10,000 worth of property damage insurance and a $1,000 deductible collision insurance policy. He had a tire blowout while driving and crashed into a $1,400 fire hydrant. The crash caused $1,600 in damages to his car.
a. Which insurance covers the damage to the fire hydrant?
b. How much will the insurance company pay for the fire hydrant?
c. Which insurance covers the damage to the car?
d. How much will the insurance company pay for the damage to the car?
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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