What is no-fault insurance

Reference no: EM131486325

Question: 1. Becky Fenton has 25/50/10 automobile insurance coverage. If two other people are awarded $35,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover?

2. What is no-fault insurance? What is its purpose?

3. In the preceding example, assuming their insurance rates remain the same, how many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts? The cost of the smoke detectors? Would you recommend Dave and Ellen invest in the safety items? Why or why not?

Reference no: EM131486325

Questions Cloud

Calculate present value : Calculate the amount that would have been used if the operating leases were treated like capital leases, calculate present value

What amount would the insurance company pay : If Carissa Dalton has a $130,000 home insured for $100,000, based on the 80 percent coinsurance provision, how much would the insurance company pay on a $5,000.

Security tools or defenses exist within windows or mac : What built-in security tools or defenses exist within Windows or Mac? How do these differ from third-party tools that one can purchase?

Where did these thoughts come from : Operant conditioning is known to use reinforcements such as positive and negative reinforcements and punishment to produce a desired behavior.

What is no-fault insurance : Becky Fenton has 25/50/10 automobile insurance coverage. If two other people are awarded $35,000 each for injuries in an auto accident in which Becky.

What is the estimated optimal quantity of cleaner water : What is the estimated optimal quantity of cleaner water? What is the estimated optimal price, pe, to pay for one unit of cleaner water?

Business impact analysis and risk management : "Business Impact Analysis (BIA) and Risk Management" Please respond to the following:

Organization serve to attenuate responsibility : Does this affect people's sense of moral responsibility and conduct? For example, does working within an organization serve to attenuate responsibility?

What amount will the insurance company pay for the damages : Kurt Simmons has 50/100/15 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street.

User Account

All Pages