Refer to the sample Personal Auto Policy shown in Appendix A of your text. For each of the cases described below, evaluate whether the loss is covered by the policy. If the loss is covered, indicate the portion of the PAP that provides coverage and indicate the precise amount that will be paid by the insurer. If the loss is not covered, explain why, citing specific portions of the PAP to support your answer as necessary. You can assume that all losses occur in a state that does not provide property damage coverage under the Uninsured Motorists coverage. Your answers to the cases must be typed. The completed assignment must be uploaded into Canvas before 11:59 pm (State College time) on Tuesday evening, May 5. Policyholder declarations page The auto loss situations described below occur to Fred Jones, a single 22-year-old man who has the following coverage limits on the personal auto policy covering his 1968 Chevrolet Sport van (replacement cost of $30,000, with $28,000 depreciation): Coverage A: Liability Coverage: Bodily Injury Liability Bodily Injury Liability Property Damage Liability $15,000 cach person $30,000 cach accident $5,000 each accident $2,000 cach person Coverage B: Medical Payments: Coverage C: Uninsured Motorist: Bodily Injury Liability Bodily Injury Liability $15,000 each person $30,000 each accident Coverage D: Physical Damage: Purchased Loss other than Collision coverage only (5500 deductible) 4. While jogging down a street, Fred is struck by a forty-year-old man driving a pick-up truck. Fred suffers 56,600 in emergency room bills. He also cannot work for three weeks, resulting in the loss of $3,000 of wages. Please note that you should not assume that Fred can collect from the driver. Instead, focus your answer on what Fred's PAP can pay for the damages, if any. (10 points) 5. Fred takes his friend Velma to a mall. At the end of the day, they return to the parking lot and discover that the van has mysteriously vanished. In addition to the van, the thieves alto steal Velma's laptop computer replacement cost of $2,800 with $1,000 depreciation), which was in the back seat of the van. (10 points) 4. While jogging down a street, Fred is struck by a forty- year-old man driving a pick-up truck. Fred suffers $6,600 in emergency room bills. He also cannot work for three weeks, resulting in the loss of $3,000 of wages. Please note that you should not assume that Fred can collect from the driver. Instead, focus your answer on what Fred's PAP can pay for the damages, if any. (10 points) 5. Fred takes his friend Velma to a mall. At the end of the day, they return to the parking lot and discover that the van has mysteriously vanished. In addition to the van, the thieves also steal Velma's laptop computer (replacement cost of $2,800 with $1,000 depreciation), which was in the back seat of the van. (10 points) Refer to the sample Personal Auto Policy shown in Appendix A of your text. For each of the cases described below, evaluate whether the loss is covered by the policy. If the loss is covered, indicate the portion of the PAP that provides coverage and indicate the precise amount that will be paid by the insurer. If the loss is not covered, explain why, citing specific portions of the PAP to support your answer as necessary. You can assume that all losses occur in a state that does not provide property damage coverage under the Uninsured Motorists coverage. Your answers to the cases must be typed. The completed assignment must be uploaded into Canvas before 11:59 pm (State College time) on Tuesday evening, May 5. Policyholder declarations page The auto loss situations described below occur to Fred Jones, a single 22-year-old man who has the following coverage limits on the personal auto policy covering his 1968 Chevrolet Sport van (replacement cost of $30,000, with $28,000 depreciation): Coverage A: Liability Coverage: Bodily Injury Liability Bodily Injury Liability Property Damage Liability $15,000 each person $30,000 each accident $5,000 each accident Coverage B: Medical Payments: $2,000 each person Coverage C: Uninsured Motorist: Bodily Injury Liability Bodily Injury Liability $15,000 each person $30,000 each accident Coverage D: Physical Damage: Purchased Loss other than Collision coverage only ($500 deductible)