As given via the Internet, auto insurance quotes gathered online could vary from $947 to $1,558. A class 18 operator carries compulsory 10/20/5 insurance. He has the following optional coverage: bodily injury, 500/1,000; property damage, 50M; and collision, $200 deductible. His car is 1 year old, and the symbol of the car is 8. He has comprehensive insurance with a $200 deductible. (Use Tables 20.5, 20.6, 20.7, 20.8 and 20.9.) What is the total annual premium? Total annual premium

As given via the Internet, auto insurance quotes gathered online could vary from $947 to $1,558. A class 18 operator carries compulsory 10/20/5 insurance. He has the following optional coverage: bodily injury, 500/1,000; property damage, 50M; and collision, $200 deductible. His car is 1 year old, and the symbol of the car is 8. He has comprehensive insurance with a $200 deductible. (Use Tables 20.5, 20.6, 20.7, 20.8 and 20.9.) What is the total annual premium? Total annual premium

SWFT Comprehensive Volume 2019

42nd Edition

ISBN:9780357233306

Author:Maloney

Publisher:Maloney

Chapter5: Gross Income: Exclusions

Section: Chapter Questions

Problem 40P

See similar textbooks

Similar questions

Finn Stone has a PAP with coverage of $15,000/$30,000 for bodily injury liability, $15,000 for property damage liability, $5,000 for medical payments, and a $1,000 deductible for collision insurance. How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs? Round the answers to the whole dollar, if necessary. Leave no cells blank, be sure to enter "0" wherever required. Finn loses control and skids on ice, running into a parked car and causing $3,635 damage to the unoccupied vehicle and $4,165 damage to his own car. Total paid by the insurance company: $ Finn's out-of-pocket costs: $ Finn runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $44,000 each. Total paid by the insurance company: $ Finn's out-of-pocket costs (for both victims): $ Finn's 18-year-old son borrows his car. He backs into a telephone pole and causes $1,300…
Zachary Lee has a personal automobile policy (PAP) with coverage of $25,000/$50,000 for bodily injury liability, $25,000 for property damageliability, $5,000 for medical payments, and a $500 deductible for collision insurance. How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs?a. Zachary loses control and skids on ice, running into a parked car and causing $3,785 damage to the unoccupied vehicle and $2,350 damage to his own car.b. Zachary runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $30,000 each.c. Zachary’s 18-year-old son borrows his car. He backs into a telephone pole and causes $450 damage to the car.
Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 1,127, another in May costing 2,209 and the last in December costing 1,043. If Faisal has a straight deductible of 324. How much will the insurer pay?
On July 15, Adler purchased in Chicago a Buick sedan, intending to drive it that day to St. Louis, Missouri. He telephoned a friend, Maruchek, who was in the insurance business, and told him that he wanted liability insurance on the automobile, limited in amount to $50,000 for injuries to one person and to $100,000 for any one accident. Maruchek took the order and told Adler over the telephone that he was covered and that his policy would be written by the Young Insurance Company. Later that same day and before Maruchek had informed the Young Insurance Company of Adler’s application, Adler negligently operated the automobile and seriously injured Brown, who brings suit against Adler. Is Adler covered by liability insurance?
Mandren Inc. has a fire insurance policy from the Blundi Insurance Company with a 90% coinsurance clause based on replacement cost. The replacement cost of the building is $600,000. The face amount of the policy Mandren purchases is $400,000. If a covered loss in the amount of $550,000 occurs, how much will Mandren collect from their insurer?
Personal automobile policy coverage. Zachary Lee has a personal automobile policy [PAP] with coverage of $25,000/$50,000 for bodily injury liability, $25,000 for property damage liability, $5,000 for medical payments, and a $500 deductible for collision insurance. How much will his insurance cover in each of the following situations? Will he have any out-of-pocket costs? Zachary loses control and skids on ice, running into a parked car and causing $3,785 damage to the unoccupied vehicle and $2,350 damage to his own car. Zachary runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $30,000 each. Zachary’s 18-year old son borrows his car. He backs into a telephone pole and causes $450 damage to the car.
Robert had an accident and injured a driver and her car. He has auto insurance with the minimum coverage for Illinois. He also has medical payments coverage of $1,000 and a $250 deductible on his collision coverage. The driver's injuries cost $5,000 and damages to her car cost $3,000. Robert's car had damages costing $4,000. How much will the Insurance company pay for these claims? $12,000 $11,250 $11,750 $3,750
Barbara was driving her vehicle, and her friend Kevin was a passenger. They were starting a one-week visit with Kevin's parents, who live in the same state about 150 miles south of the town where Barbara and Kevin live. Barbara's vehicle is insured under a PAP listing her as the named insured. These are the coverages included in the policy: Coverage A-Liability: $50,000 Each person $100,000 Each occurrence Property Damage: $50,000 Coverage B-Medical Payments: $1,000 Each person Coverage C-Uninsured Motorists: $50,000 Each person $100,000 Each occurrence To lower her premiums, Barbara decided not to carry Coverage D-Damage to Your Auto on her five-year old vehicle. About one hour into the trip, as they were traveling in the southbound lanes of the highway, a northbound vehicle crossed the median and struck Barbara's vehicle. This four-door sedan was operated by Louise, who died at the scene. As part of the accident investigation, it was determined that Louise suffered a heart attack,…
Rosa Valencia has a personal automobile policy (PAP) with coverage of $25,000/$50,000 for bodily injury liability, $10,000 for property damage liability that includes coverage for her vehicle, $5,000 for medical payments, and a $500 deductible for collision insurance. How much will her insurance cover in each of the following situations? Will she have any out-of-pocket costs? Rosa loses control when she swerves to miss a dog on the street, running into a parked car and causing $5,300 damage to the unoccupied vehicle and $3,750 damage to her own car. Rosa pulls out in front of another car and causes a serious auto accident, badly injuring three people. The injured parties win lawsuits against her for $35,000 for one individual, and the other two passengers claimed $5,000 each ($10,000 total). Rosa’s 16-year-old daughter borrows her car. She runs off the road when texting while driving and causes $450 damage to the car.
Bradford's automobile insurance policy has a $1,400 deductible, with a $3,800 out-of-pocket limit and a 90/10 copay. This year, he was involved in a car accident, and was billed $10,800 in expenses. How much of this expense will Bradford be expected to pay out of his own pocket?
Alex covered his automobile for a total of RO 60,000 with Al Ahlia Insurance and a total of RO 90,000 with Takaful Insurance. An accident occurred, resulting in a loss of RO 48,000. What is the maximum amount Mr. Ali may claim from each insurance company? A) Mr. Ali is eligible for a total of RO 27,000 in Takaful insurance and RO 21,000 in Vision insurance. B) Mr. Ali is eligible for a Takaful insurance claim of RO 28,800 and a Vision insurance claim of RO 19,200. C) Mr. Ali is eligible for a total of RO 30,000 in Takaful insurance and RO 18,000 in Vision insurance. D) Mr. Ali is eligible for RO 24,000 in Takaful and RO 24,000 in Eye coverage.
Michael Howitt of Berkley, Michigan, recently had his gallbladder removed. His total bill for this surgery, which was his only health care expense for the year, came to $13,810. His health insurance plan has a $450 annual deductible and an 80/20 coinsurance provision. The cap on Michael's coinsurance share is $1,910. Round your answers to the nearest dollar. a. How much of the bill will Michael pay? b. How much of the bill will be paid by Michaels insurance?