Roberts Policy : $1,000,000 T/P Liability DCPD $500 deductible Collision Coverage - $2000 deductible Ritas Policy
Question:
Robert’s Policy : $1,000,000 T/P Liability
DCPD – $500 deductible
Collision Coverage - $2000 deductible
Rita’s Policy : $2,000,000 T/P Liability
DCPD – No deductible
Collision Coverage - $1000 deductible
CASE:
Rita and Robert were involved in a motor vehicle accident. Robert, was 75% at fault for the accident. Explain how you will settle the following losses. You have to show all calculations and amounts to be paid out by each parties insurer.
(A) Rita had vehicle damage in the amount of $8575. While her car was being repaired, she had to rent a car for 30 days at $40 per day while her car was being repaired. Unfortunately, Rita at the time of the accident, was carrying groceries in the car , worth $438.00 which were destroyed in the motor vehicle accident . Rita was not injured in the accident.
