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4. Ch10 Financial Planning Exercise 5 Chapter 10 Financial Planning Exercise 5 Personal automobile policy...

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4. Ch10 Financial Planning Exercise 5 Chapter 10 Financial Planning Exercise 5 Personal automobile policy coverage required. a. Finn loses control and skids on ice, running into a parked car and causinq $4,930 damage to the unoccupied vehicle and $3,520 damage to his own car. Total paid by the insurance company: Finn's out-of-pocket costs: b. Finn runs a stop sign and causes a serious auto accident, badly injuring two people. The injured parties win lawsuits against him for $41,000 each. Total paid by the insurance company: Finn's out-of-pocket costs (for both victims): c. Finn's 18-year-old son borrows his car. He backs into a telephone pole and causes $1,400 damage to the car. Total paid by the insurance company: Finn's out-of-pocket costs: $

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