Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. susan is insured with a personal auto policy (pap)

Susan is insured with a Personal Auto Policy (PAP). The declarations list the following coverages....

60.1K

Verified Solution

Question

Finance

Susan is insured with a Personal Auto Policy (PAP). The declarations list the following coverages.

Coverage ALiability $ 300,000 Coverage BMedical Payments $ 5,000 Coverage CUninsured Motorists $ 300,000 Coverage DOther Than Collision (OTC) Deductible $ 500 Coverage DCollision Deductible $ 1,000 Susan is in a serious auto accident when a motorist going the wrong way on a highway ramp collides with her car. Susans car sustains extensive damage totaling $11,600. The actual cash value (ACV) of the car is $9,600. Susan decides to collect from her own insurer for this loss. Under the coverage provisions of the PAP, what amount will the insurer pay Susan for the damage to her car?

A. $8,600 B. $9,100 C. $10,600 D. $11,100

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

Physics
1.2K views

Four metalic conductors having different shape Sphere cylinder pear lighting conductor an mounted on insulating...

Physics
1.2K views

A dumbbell consists of a light rod of length r and two small masses m...

Geometry
1.2K views

AOPQ AABC What is the y coordinate of B if the coordinate of A is...

Geometry
1.2K views

6 Complete the partial proof below Given AC L BD and AC bisects BD Prove...

Accounting
1.2K views

3. List the Five circumstances when an auditor would issue an unmodified opinion audit report...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Karlik Enterprises distributes a...

Accounting
1.2K views

Discussion Question: What were the main accounting issues & material misstatements in Enron's financial statements?

Accounting
1.2K views

NUMBERS ARE BOTH INCORRECT - PLEASE HELP Rolfe Company (a U.S.-based company) has a...

Accounting
1.2K views

Problem 22(want text answer and brief explanation) What is the difference in program revenues and...

Accounting
1.2K views

Which of the following strategies can improve the contractors cash flow position and reduce the...

Accounting
1.2K views

11. Explain the probable income tax treatment of a family member's sale of property to...

Accounting
1.2K views

answer fully and correctly please Wall Drugs offered an incentive...