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Katyanochek1 [597]
3 years ago
11

Your son, Jason, left his skateboard at the bottom of your basement stairs. While going downstairs, you stepped on the skateboar

d and broke your ankle. The resulting medical bill was $2755. How much would your homeowner's insurance pay if you had a $1,000 per-person limit on no-fault medical payments coverage?
Business
1 answer:
Zepler [3.9K]3 years ago
7 0

Answer:

$1,000

Explanation:

No fault insurance basically protects you and your family from small accidents by paying your medical bills regardless of who is at fault. This type of policies applies to car or house insurance.

In this case, the accident was caused by Jason but since who is responsible is not important in this type of policy, then it should cover up to its maximum limit.

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1.

Dr Bonds 940,000

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Cr Net Unrealized holding gains & Losses 45,000

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Hoosier Company Journal entries

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Cr Net Unrealized holding gains & losses 45,000

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Cr Net Unrealized holding gains & Losses 45,000

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Dr Investment in bonds 985,000

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Cr Cash 940,000

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