Chapter 07 - Exercise 03 | |||||||||||
Calculate automobile liability. | |||||||||||
Name of Insured |
Policy Formula |
Injured #1 Medical Expenses |
Amount Paid Ins. Co. for #1 |
Injured #2 Medical Expenses |
Amount Paid Ins. Co. for #2 |
Amount of Property Damage |
Property Damage Ins. Co. Pays |
Property Damage Insured Pays |
Medical Expense Insured Pays |
Total Insured Pays |
Insurance Company Pays |
Hendrix, Lee | 40/50/25 | 20,000 | 23,000 | 22,000 | |||||||
Ivy, Denia | 30/30/30 | 50,500 | 56,000 | 28,000 | |||||||
Jeans, Robert | 50/75/50 | 29,000 | 42,000 | 15,000 | |||||||
Martinez, Juan | 20/25/10 | 35,000 | 12,000 | 18,000 | |||||||
Nelson, Richard | 75/100/50 | 30,000 | 19,000 | 65,000 | |||||||
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