Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. alan has a pap with the following coverages: li

Alan has a PAP with the following coverages: Liability coverages: $100,000/$300,000/$50,000 ...

90.2K

Verified Solution

Question

Accounting

Alan has a PAP with the following coverages:
Liability coverages: $100,000/$300,000/$50,000
Medical payments coverage: $5,000 each person
Uninsured motorists coverage: $25,000 each person
Collision loss: $500 deductible
Other-than-collision loss: $500 deductible
With respect to each of the following situations, indicate whether the loss is covered and the amount payable (or maximum amount payable), if any, under the policy. Assume that each situation is a separate event.
1.) Alan's son, age 16, is driving a family car, runs a red light, and kills a pedestrian. The family of the deceased pedestrian sues and damages are awarded in the amount of $500,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Translate the phrases to a system of linear equations: y= a1*x+b1 and y=a2*x+b2 with a variables,...

Mechanical Engineering
1.2K views

At 300ºC the diffusion coefficient and activation energy for Cu in Si are D(300ºC) = 7.8 x...

Operations Management
1.2K views

explain what annex SL is futhermore, list and explain at least 4 high level main clauses...

Geometry
1.2K views

5 in 3 7 in 4 in 5 in 5 in

Basic Math
1.2K views

The label on a bottle of medicine reads Each 5 mL teaspoonful contains glucose 1...

Basic Math
1.2K views

For the polynomial function f x 5x 25x2 125x 0625 find the zeros Then determine...

Basic Math
1.2K views

What's the equation of the line that's a perpendicular bisector of the segmentconnecting A (-2,...

Algebra
1.2K views

10 Using only a compass and straightedge construct the image of MN after a reflection...

Algebra
1.2K views

1 96 X 286 94 5 55 Hide Transcribed Text

Algebra
1.2K views

A population of squirrels doubles every year Initially there were 5 squirrels A biologist studying...

Accounting
1.2K views

help

Accounting
1.2K views

A)Why is the evidence about effects on cost so varied? (B) Why is the evidence...