Case summary:
B graduated in 2009 with his bio chemistry degree. She has a good job and already has been promoted for three times in last two years. She purchased a home for $210,000. Now, the value of her house is $270,000. Recently, she has purchased a SUV, which she uses around 45 miles per day. She now feels that she is economically secure. Retirement and savings account together have $35,000. Last night, when she was coming back from her work to her home, she heard on his radio that a man lost his everything in a car accident because he was uninsured. B wants to take care of that.
Character in the case:
B.
Adequate information:
Purchase price of home is $210,000.
Current price of home is $270,000.
Balance in savings and retirement account is $35,000.
Average daily travel through car is $45 miles.
To explain:
Whether the given split limits is adequate for B, minimum limit for this coverage and the impact of this on her policy premiums.
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Personal Finance: Turning Money into Wealth, Student Value Edition, Plus MyLab Finance -- Access Card Package (7th Edition)
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