Fred currently has an auto insurance policy that has a $1,000 deductible on his vehicle. He...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Fred currently has an auto insurance policy that has a $1,000 deductible on his vehicle. He did have optional coverage under his accident benefits component of his coverage that will provide him with towing charges up to 100 km, a replacement rental vehicle while repairs are being done up to maximum $1,000, and up to $1,000 of medical coverage for chiropractic care due to an injury. He has an accident and his expenses are: Towing (80km driven to repair shop) $400, car rental expenses of $1,250 while his car is being repaired, and chiropractic coverage for a neck injury that cost $1,500, What would his claim be and amount he would be covered for? How much will he have to pay out of pocket himself? What would his claim be and amount he would be covered for? How much will he have to pay out of pocket himself? Fred currently has an auto insurance policy that has a $1,000 deductible on his vehicle. He did have optional coverage under his accident benefits component of his coverage that will provide him with towing charges up to 100 km, a replacement rental vehicle while repairs are being done up to maximum $1,000, and up to $1,000 of medical coverage for chiropractic care due to an injury. He has an accident and his expenses are: Towing (80km driven to repair shop) $400, car rental expenses of $1,250 while his car is being repaired, and chiropractic coverage for a neck injury that cost $1,500, What would his claim be and amount he would be covered for? How much will he have to pay out of pocket himself? What would his claim be and amount he would be covered for? How much will he have to pay out of pocket himself?
Expert Answer:
Related Book For
Probability and Statistical Inference
ISBN: 978-0321923271
9th edition
Authors: Robert V. Hogg, Elliot Tanis, Dale Zimmerman
Posted Date:
Students also viewed these accounting questions
-
How does accident benefits coverage under an auto insurance policy work? What is uninsured motorist coverage? How does it work?
-
How does medical payments coverage under an auto insurance policy work? Why is medical payments coverage valuable even if you have a good health insurance plan?
-
A hydraulic hoist raises a 3650 lbm car 6 ft in an auto repair shop. The hydraulic pump has a constant pressure of 100 lbf/in.2 on its piston. What is the increase in potential energy of the car and...
-
1. Learn the detail background on ERP systems. Discuss how you would integrate ERP systems internal and external across your entire organization or an organization of your choice? Then discuss the...
-
While reviewing the March 31, 2010, balance sheet of Success Systems, Adriana Lopez notes that the business has built a large cash balance of $77,845. Its most recent bank money market statement...
-
Which of the following is a true statement about depreciation on listed property? a. All listed property is not depreciable, and any costs are recovered when the property is sold. b. Cellphones and...
-
An industrial psychologist administered a personality inventory test for passive-aggressive traits to 150 employees. Each individual was given a whole number score from 1 to 5, where 1 is extremely...
-
Identify and correct the errors in denotation or connotation in the following sentences: 1. In our group, we weeded out the best idea each person had thought of. 2. She is a prudent speculator. 3....
-
5. Given the radius of the Earth and the mass of the Earth are 6.37 106m and 5.98 1024 kg respectively, if the radius of the moon is 0.2725 times that of the Earth's radius and the mass of the moon...
-
Locate the court case Ellis v. Jarvis et al., 117 AFTR 2d 2016-1932. Using only the head notes, answer the following questions: a. What issue(s) did the court address? b. What was the ruling of the...
-
Write a memo on Ideas for the Trip
-
Roger began trading on 1 January 2014, preparing accounts to 30 April each year. His first accounts were for the 16 months to 30 April 2015. In 2017 he decided to change his accounting date to 30...
-
What is a possible output of the following application? A. {0.0=[Cold!], 72.0=[HOT!, Just right!]} B. {0.0=[Cold!], 72.0=[Just right!] , 72.0=[HOT!]} C. The code does not compile because of line k1....
-
Suppose the consumer, service locator, service provider, and service provider interface are each in separate modules. Which of the following best describes the following module-info file? A. Consumer...
-
How many of these lines compile? A. 0 B. 1 C. 2 D. 3 E. 4 F. 5 Predicate Predicate Predicate Predicate Predicate pred1 = (final String s) ->s.isEmpty(); pred2 = (final s) ->s.isEmpty(); pred3 =...
-
How many of the following lines compile? A. None B. One C. Two D. Three E. Four F. Five. 8: IntFunction 9: IntFunction 10: IntFunction IntFunction 11: 12: IntFunction f1 = (Integer f) -> f; (v) ->...
-
Q: Calculate the net fores on each wire, in both cases if I= 8.0A, = 30cm [0.30m] 2.) Square I l I b.) Pentagon l I t I O S e e e I e I I I I e I I
-
Arlington Merchants reported the following on its income statement for the fiscal years ending December 31, 2016 and 2015. 2016 2015 Sales $4,857,500 $4,752,900 Cost of goods sold 3,258,950 3,207,000...
-
The data in the following table, part of a set of data collected by Ledolter and Hogg, provide the number of miles per gallon (mpg) for city and highway driving of 2007 midsize-model cars, as well as...
-
In adults, the pneumococcus bacterium causes 70% of pneumonia cases. In a random sample of n = 84 adults who have pneumonia, let X equal the number whose pneumonia was caused by the pneumococcus...
-
Let X be the failure time (in months) of a certain insulating material. The distribution of X is modeled by the pdf Find (a) P(40 (b) P(X > 80) 2x f(x) = 502 e-(x/50), 0
-
One of the main fears that retail startups have is if they will be able to compete against Walmart, Home Depot, and the other big-box stores. This is a legitimate fear. Big-box stores continue to...
-
Influencer marketing is a type of marketing where companies partner with influencers, who have a significant following on social media platforms, to promote their products or services. Influencers...
-
In the summer of 2015, Stephen Kuhl and Kabeer Chopra made their way to Philadelphia to prepare for business school. It was their first semester in the Wharton MBA program. They were both in an...
Study smarter with the SolutionInn App