Question

J has a personal auto policy with Liability limits of 50/100/25, UM/UIM limits of 50/100, a Medical Payment limit of $5,000 and Comprehensive and Collision deductibles of $500. J's vehicle slides on ice and hits a guardrail causing $9,500 in damage to the vehicle and $11,000 damage to the guardrail. J also sustains $1,000 in injuries. How much will the policy pay for all damages?

Answer 1

Answer:

$21,000

Explanation:

Amount Received $11,000 ( Under Property Damage)

Amount Received  $1,000 ( Under Medical Coverage)

Amount for Vehicle Damage ( Vehicle damage - Collision deductibles ) = ( $9,500 - $500 ) = $9,000

Total Amount Paid by policy = ($11,000 + $1,000 + $9,000) = $21000  

Therefore , total amount paid by policy for this damage is $21000 .