After a few days, Roberts' insurance company contacts him and he learns that he was at...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
After a few days, Roberts' insurance company contacts him and he learns that he was at fault. They provide him with a list of expenses below. Robert has the following limits on his policy 50/100/25. He also has $5,000 in PIP coverage, full collision/comprehensive coverage, and uninsured motorist protection. His deductible is $1,000, he does not have gap insurance and owes $35,000 on the Dodge Ram. List of Damage/Injury Roberts' broken ribs Driver in other car's injuries Passenger 1 in other car's injuries Passenger 2 in other car's injuries Amount $6,200 $25,000 $75,000 $40,000 I 7.A. Part of policy that covers Per person liability Per person liability Per person liability/pip Per person liability 7.B. Maximum Amount Covered 7.C. Actual Amount Covered (Insurance) 7. C. Actual Amount Covered. (Robert) Property Damage to Roberts' Car Property Damage to other's car QT Gas Pump repair Totaled ($32,000 value) $13,000 $10,000 BOA Building Jasons' car- (damaged by debris. $8,000 in front of BOA) Totals $23,000 $200,200 Property Damage Collision Collision Collision Collision N/A QT Gas Pump repair BOA Building Jasons' car - (damaged by debris in front of BOA) Totals $10,000 $23,000 $8,000 $200,200 Collision Collision Collision N/A Answer the following: a. Match the parts of Roberts' policy to the specific damages listed above? (Liability Injury, Liability Property, Collision, Comprehensive, PIP) b. Based on his policy, what are the maximums his auto insurance will cover for each item listed? (List them separately using the table, do not worry about totals until part c) c. What is the total amount the insurance will cover and the total Robert will have to cover out of pocket for the entire accident? (Total for each, show your math, use the table, and mind the gap!) Focus M After a few days, Roberts' insurance company contacts him and he learns that he was at fault. They provide him with a list of expenses below. Robert has the following limits on his policy 50/100/25. He also has $5,000 in PIP coverage, full collision/comprehensive coverage, and uninsured motorist protection. His deductible is $1,000, he does not have gap insurance and owes $35,000 on the Dodge Ram. List of Damage/Injury Roberts' broken ribs Driver in other car's injuries Passenger 1 in other car's injuries Passenger 2 in other car's injuries Amount $6,200 $25,000 $75,000 $40,000 I 7.A. Part of policy that covers Per person liability Per person liability Per person liability/pip Per person liability 7.B. Maximum Amount Covered 7.C. Actual Amount Covered (Insurance) 7. C. Actual Amount Covered. (Robert) Property Damage to Roberts' Car Property Damage to other's car QT Gas Pump repair Totaled ($32,000 value) $13,000 $10,000 BOA Building Jasons' car- (damaged by debris. $8,000 in front of BOA) Totals $23,000 $200,200 Property Damage Collision Collision Collision Collision N/A QT Gas Pump repair BOA Building Jasons' car - (damaged by debris in front of BOA) Totals $10,000 $23,000 $8,000 $200,200 Collision Collision Collision N/A Answer the following: a. Match the parts of Roberts' policy to the specific damages listed above? (Liability Injury, Liability Property, Collision, Comprehensive, PIP) b. Based on his policy, what are the maximums his auto insurance will cover for each item listed? (List them separately using the table, do not worry about totals until part c) c. What is the total amount the insurance will cover and the total Robert will have to cover out of pocket for the entire accident? (Total for each, show your math, use the table, and mind the gap!) Focus M
Expert Answer:
Answer rating: 100% (QA)
Based on the provided information lets match each part of the damage to the corresponding coverage from Roberts auto insurance policy a Matching parts ... View the full answer
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Posted Date:
Students also viewed these finance questions
-
Explain the following limits on the prices of warrants: a. If the stock price is below the exercise price of the warrant, the lower bound on the price of a warrant is zero. b. If the stock price is...
-
Adam has the following limits of coverage: Part A-- 50/100/25 Part B-- $1,000 per person Part C-- $50,000 Collision and Other-Than-Collision coverages, each with $500 deductible, on his 2015 Lincoln...
-
Robert Eberle owns and manages Roberts Restaurant, a 24-hour restaurant near the citys medical complex. Robert employs 9 full-time employees and 16 part-time employees. He pays all of the full-time...
-
In an organization, managers communicate information downward to their departments and teams, and employees communicate information upward to their managers. If all members of an organization are not...
-
Delmont Company entered into these transactions during May 2012. 1. Purchased computers for office use for $30,000 from Dell on account. 2. Paid $4,000 cash for May rent on storage space. 3. Received...
-
The following statement is an excerpt from a document on interim financial reporting: Interim financial information is essential to provide investors and others with timely information about the...
-
The comparative financial statements for CyberOptic Corporation are in the Working Papers. The financial statements have been completed up to the comparative analysis section. Instructions: 1....
-
The Canton Corporation shows the following income statement. The firm uses FIFO inventory accounting. CANTON CORPORATION Income Statement for 2013 Sales $272,800 (17,600 units at $15.50) Cost of...
-
e Media ments es The Real Estate Settlement Procedures Act... 30
-
Write a symbolic microprogram routine for the ISZ (increment and skip if zero) instruction defined in Chap. 5 (Table 5-4). Use the microinstruction format of Sec. 7-3. Note that DR = 0 status...
-
Suggest an organizational structure for marketing enterprise services, if known: The total number of employees of the manufacturing enterprise is 300 people. The company is engaged in the assembly of...
-
How do cultural competency and emotional intelligence enhance conflict resolution efficacy in cross-cultural work environments characterized by diverse value systems and communication styles ?
-
Why would a grantor not permit general municipal overhead to be charged to a capital project financed by its grant or insist that allowable ( reimbursable ) overhead be calculated by means of a...
-
Jaxons has total revenue of $418,300, earnings before interest and taxes of $102,600, depreciation of $59,200, and a tax rate of 30 percent. The firm is all-equity financed with 15,000 shares...
-
Why is the level of collaboration intelligence low from a traditional healer?
-
QUESTION: 1. Can Costco gain a competitive advantage by diversifying its business and entering the health and insurance industry? 2. If so, does the health and insurance industry align with Costco's...
-
Homestead Crafts, a distributor of handmade gifts, operates out of owner Emma Finn's house. At the end of the current period, Emma looks over her inventory and finds that she has .800 units...
-
Draw and label the E and Z isomers for each of the following compounds: 1. CH3CH2CH==CHCH3 2. 3. 4. CH,CH2C CHCH2CH Cl CH3CH2CH2CH2 CH CH2CCCH2CI CHCH3 CH3 HOCH CH CCC CH O-CH C(CH
-
What is tax fraud?
-
What are the three types of fraud against organizations that employees, vendors, and customers use to steal an organizations assets?
-
What are some possible ways to proactively search for revenue-related financial statement fraud schemes?
-
Find number of stages needed for a countercurrent extractor if 10 \(\mathrm{kmol} / \mathrm{h}\) feed that is \(10 \mathrm{~mol} \% \mathrm{CCl}_{4}\) and \(90 \mathrm{~mol} \%\) acetic acid is...
-
The horizontal settler calculation in Example 13-7 was done for a settler diameter of \(\mathrm{D}_{\mathrm{s}}=1.023 \mathrm{~m}\) with the dispersion band assumed to be at the center of the circle....
-
Suppose in Example 13-7 that we decide to build the settler with a diameter of \(1.0 \mathrm{~m}\) and a length of \(4.0 \mathrm{~m}\). What safety factor are we employing? Example 13-7 Design a...
Study smarter with the SolutionInn App