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You Own an Auto Liability Policy with 150/250/50 Limits

Question 15

Multiple Choice

You own an auto liability policy with 150/250/50 limits. You accidentally run into a 45-foot semi-trailer. The trailer is totally destroyed and was valued at $70,000. After your insurance company settles your claim, you would still owe:


A) $0
B) $10,000
C) $20,000
D) $30,000
E) None of the above are correct answers

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