Bob has state minimum limit coverage in Indiana. He drives into another state that requires higher...

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Bob has state minimum limit coverage in Indiana. He drives into another state that requires higher minimum limits of 50/100/25). He has an accident where he is found to be at fault, causing $50,000 in medical damages to another party. 1. What is the state minimum limit in Indiana? 2. How will this loss be paid by the insurance company? Explain in your answer how you know 3. A classmate describes a different state's limit as 20/10/10. How do you know this description must be incorrect? Complete sentences are required for full credit in the last two elements of this question. Bob has state minimum limit coverage in Indiana. He drives into another state that requires higher minimum limits of 50/100/25). He has an accident where he is found to be at fault, causing $50,000 in medical damages to another party. 1. What is the state minimum limit in Indiana? 2. How will this loss be paid by the insurance company? Explain in your answer how you know 3. A classmate describes a different state's limit as 20/10/10. How do you know this description must be incorrect? Complete sentences are required for full credit in the last two elements of this question.

Answer rating: 100% (QA)

1 Bodily injury liability Minimum of 25000 per person and 50000 per accident Property damage liabili... View the full answer