Jackson Samuel carries the required liability property damage auto insurance with split limit coverage up to $25,000/$50,000
Question:
Jackson Samuel carries the required liability property damage auto insurance with split limit coverage up to $25,000/$50,000 per accident, with no deductible. He also carries collision auto insurance with a deductible clause of $100. He also caries comprehensive auto insurance with a deductible of $300.
Hellost control of his truck, ramming into 3 parked cars. Damage to the parked cars was as follows: $17,200, $24,300, and $11,840. Damage to his truck was $6,100.
Compute the following:
A. What was the total property damage from this 1 accident, not including Jackson\'s truck?
B. How much in total for this accident will the insurance company pay for property damage, not including Jackson\'s truck?
C. How much will Jackson have to pay out-of-pocket for property damage sustaned to the 3 parked cars, not including Jackson\'s truck? D. How much will the insurance company pay for damage to Jackson\'s truck?
E. How much will Jackson have to pay out-of-pocket for property damage sustained to his truck?
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara