Kurt simmons has 50/100/15 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 $5,400, and damage to the store was $12,650.

a. what amount will the insurance company pay for the damages? insurance payment $

b. what amount will kurt have to pay? personal liability $

Question

Le

Business

17 February, 20:53

Kurt simmons has 50/100/15 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 $5,400, and damage to the store was $12,650.

a. what amount will the insurance company pay for the damages? insurance payment $

b. what amount will kurt have to pay? personal liability $

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Answers (1)

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Rowland · Answer 1

Damage to the parked car is $5,400. Damage to the store is $12,650. Total damage is calculated as follows:

Total damage = damage to the car + damage to the store Substitute the values in the formula:

Total damage = $5,400 + $12,650 = $18,050. Total damage is $18,050.

The insurance company will cover a maximum of $15,000. The remaining amount of the damage has to be paid by Kurt. The remaining amount is calculated as:

Amount paid by Kurt = Total damage - amount paid by insurance company

Substitute the values in the formula:

Amount paid by Kurt = $18,050 - $15,000 = $3,050

Therefore, he will have to pay the remaining $3,050