
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
Edition 8ISBN: 978-1305585454 Exercise 45
Sid King has automobile liability insurance in the amount of 50/100/50. He also carries $250 deductible collision and full comprehensive coverage. Recently, he was at fault in an accident in which his car went out of control in the rain and struck four pedestrians. In an out-of-court settlement, they were awarded the following: Goya, $45,000; Truman, $68,000; Copeland, $16,000; and Kelly, $11,000. Damage to Sid's car amounted to $3,900.
a. How much will the insurance company pay and to whom
b. What part of the settlement will be Sid's responsibility
a. How much will the insurance company pay and to whom
b. What part of the settlement will be Sid's responsibility
Explanation
Sid King's liability coverage is limited...
Contemporary Mathematics for Business & Consumers 8th Edition by Robert Brechner,Geroge Bergeman
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