Question

Jose Rodriguez, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300 deductible. Jose was at fault in an accident that caused $2,100 damage to the other auto and $800 damage to his own. Also, the courts awarded $14,000 and $9,000, respectively, to the two passengers in the other car for personal injuries.  

1. How much will the insurance company pay? Show a detailed labeled list of each item the insurance will pay.
2. How much will Jose pay?  Show a detailed labeled list of each item that Jose will pay.

Answer 1

Answer:

a) Insurance company pays:

Property = $ 2100

collision = ($800 - $300) = $500

Bodily = 10000 + 9000 =19000

Insurance company pays = 2100 + 500 + 19000

Insurance company pays = $21600

b) Joe pays:

($14000 - $10000) = $4000

collision deductible = 300

Joe pays = 4000 + 300 = 4300

Joe pays = $4300

If you do not get anything in this solution, please put a comment and I will help you out.
Do not give a downvote instantly. It is a humble request. If you like my answer, please give an upvote.