Question: Problem 10-10 Determining a Property Damage Liability Claim (LO10-5) Kurt Simmons has 25/50/15 auto insurance coverage. One evening he lost control of his vehicle, hitting

 Problem 10-10 Determining a Property Damage Liability Claim (LO10-5) Kurt Simmons

Problem 10-10 Determining a Property Damage Liability Claim (LO10-5) Kurt Simmons has 25/50/15 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $12,400, and damage to the store was $10,000. (a) What amount will the insurance company pay for the damages? Amount paid (b) What amount will Kurt have to pay? Amount paid

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