Question

Suppose John Farmer is at fault in an accident. In this accident, Bob Brownlee and his wife and daughter are injured. Bob's medical expenses come to $11,000. Mrs. Brownlee's medical expenses total $9,000. The daughter, less seriously injured, has a medical bill of $2,500. John had insurance in the amount of 10/20.
How much will the insurance pay toward Bob's expenses? ____

How much will the insurance pay toward the wife and daughter's expenses? ____

How much will John be responsible for paying? _____

A) 10,000
B) 20,000
C) 2,500

Answer 1

The insurance pay will pay $10,000 toward Bob's expenses, $10,000 toward the wife and daughter's expenses, and John will be responsible for paying $2,500. The 10/20 insurance covers $10,000 for each person medical expense but only covers the total of $20,000 medical expense. In this case, the insurance can cover $10,000 of Bob's medical expense, $9,000 of his wife's medical expense. Lastly, the insurance can cover $1,000 of his daughter's medical expense.

Answer 2

Answer:

Bobs insurance expenses: $10,000

Wife and daughter insurance expenses: $10,000

John will be paying $2,500

Step-by-step explanation:

Insurance will cover at least $10,000 of the expenses since John has insurance in the amount of 10/20.

Bob has a total of $11,000 in expenses meaning that insurance will cover $10,000 of it leaving only $1,000.

The wife and daughters expenses will be added to a total of $11,500 and after insurance pays the $10,000, there will be $1,500 left.

Add Bobs left over expenses ($1,000) and the wife and daughters left over expenses ($1,500) = you will get Johns total pay  ($2,500)

Hope this helps! :)