Reference no: EM132939416
Question - Norris has a deductible of $1,000. He damages his car in an accident and it will cost $3,300 to repair.
How much does Norris have to pay and how much does his insurance pay?
Alicia has a collision deductible of $500 and a Bodily Injury Liability coverage limit of $50,000. She hits another driver and injures them severely. The case goes to trial and there is a verdict to compensate the injured person for $40,000.
How much does Alicia have to pay?
How much does her insurance pay?
Just before the accident, Alicia actually reduced her policy from $50,000 to $25,000.
How much does Alicia have to pay?
How much does her insurance pay?