Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. jose has a standard personal auto policy that prov

Jose has a standard Personal Auto Policy that provides the following coverages: ...

60.1K

Verified Solution

Question

Finance

Jose has a standard Personal Auto Policy that provides the following coverages:

Part A: Liability Coverage: $100,000/$300,000/$50,000;

Part B: Medical Payments coverage: $5000 per person;

Part C: Uninsured Motorists Coverage: $100,000/$300,000 (BI);

Part D: Collision Coverage with a $250 deductible;

Part D: Other-Than-Collision Coverage with a $100 deductible.

Note: Temporary transportation expenses are covered for collision and other-than-collision losses.

Use the above information to determine whether or not each of the following losses would be covered. Specify why each loss is or is not covered. For losses that are covered, indicate the amount that would be paid by the insurer and specify which coverage pays the losses.

  1. Jose is driving for Lyft one day with a passenger in his car. He fails to stop at a red light and hit a pedestrian. Jose is sued for $80,000.

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

Statistics
1.2K views

Independent trials, each of which is a success with probability p, are successively performed. Let X...

Advance Math
1.2K views

Let A = R x R, and let a relation S be defined as: “(x?1,?...

Basic Math
1.2K views

What are the coordinates of the point of intersection of y = 5x-3 and y...

Basic Math
1.2K views

(a) The 9 members of the swim team completed the following numbers of laps at...

Algebra
1.2K views

What is the total variance of the following portfolio consisting of 2 assets invested in...

Accounting
1.2K views

The following are partially completed T-accounts for...

Accounting
1.2K views

In a job-order cost system, indirect labor is assigned to a job using information from...

Accounting
1.2K views

Required information EX 11-27 (Static) Standard Hours Allowed; Flexible Budgeting; Multiple Products (LO 11-1, 11-2)...

Accounting
1.2K views

The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use...

Accounting
1.2K views

A corporation had 20,000 shares of $10 par value common stock outstanding on January 10....

Accounting
1.2K views

1.Maintain the required accounting records for taxation purposes through completion of the following steps: ...

Accounting
1.2K views

You have Just been hired as a new management trainee by Earrings Unlim In shopping...