Michael and Esther were involved in an accident where Esther was at fault. Michael's underinsured motorist...
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Michael and Esther were involved in an accident where Esther was at fault. Michael's underinsured motorist limit is $100,000/$300,000 and Esther's liability limit is $25,000/$50,000. Michael sued Esther in a court of law. Michael is awarded $150,000 in damages and his underinsured motorist paid him $75,000. How much did Esther's policy pay? Michael and Esther were involved in an accident where Esther was at fault. Michael's underinsured motorist limit is $100,000/$300,000 and Esther's liability limit is $25,000/$50,000. Michael sued Esther in a court of law. Michael is awarded $150,000 in damages and his underinsured motorist paid him $75,000. How much did Esther's policy pay?
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In this scenario Michael is awarded 150000 in damages and his underinsured motorist coverage pays hi... View the full answer
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Posted Date:
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