Question: Chapter 10 Financial Planning Exercise 5 Personal automobile policy coverage Marc Rose has a PAP with coverage of $15,000/$30,000 for bodily injury liability, $15,000 for

 Chapter 10 Financial Planning Exercise 5 Personal automobile policy coverage Marc

Chapter 10 Financial Planning Exercise 5 Personal automobile policy coverage Marc Rose has a PAP with coverage of $15,000/$30,000 for bodily injury liability, $15,000 for property damage lability, $10,000 for medical payments, and a $500 deductible for collision insurance How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs? Round your answer to the whole dollar, if necessary. Leave no cells blank, be sure to enter "0" wherever required. a. Marc loses control and slads on ice, running into a parked car and causing $4,780 damage to the unoccupied vehide and $2,825 damage to his own car. Total paid by the insurance company $ Marc's out-of-pocket costs $ b. Marc runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $49,000 each. Total paid by the insurance company $ Marc's out-of-pocket costs (for both $ victims) C. Marc's 18-year-old son borrows his car. He bacies into a telephone pole and causes $325 damage to the car. Total paid by the insurance company $ Marc's out-of-pocket costs $

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