Question: Chapter 10 Financial Planning Exercise 5 Personal automobile policy coverage Marc Rose has a PAP with coverage of $50,000/100,000 for bodily in abity, 550,000 for
Chapter 10 Financial Planning Exercise 5 Personal automobile policy coverage Marc Rose has a PAP with coverage of $50,000/100,000 for bodily in abity, 550,000 for property damage labait, $5,000 for medical payments, and $1,000 deductible for collision insurance. How much will his insurance cover in each of the following stations? We have any out of pocket costs Hound your answer to the whole coif necessary. Leave no cells blank, be sure to enter" wherever requred Marciones control and so onion, running into a parked car and causing 12,735 damage to the unoccupied vehicle and $2,595 damage to Ne own can Total paid by the insurance company Mare's out-of-pocket costs b. Mare runs asteosion and causes a serious auto codent, badly injuring two people. The ingured parties win outs aparat for 121,000 each Total paid by the insurance company $ Marels out-of-pocket tests for both $ victims) Mares 18-year old son burrows his car. Hesaces into a telephone pole and causes $425 damage to the cat Total paid by the inwrance company $ Mare's out-of-pocket costs
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