Situation: George Bell has a PAP with the following coverages: Liability Coverages: $100,000/$300,000/$50,000 Medical Payments: $5,000...

Question

Question

Answer 1

Answer #1

As mike has a minimu limit policy in state of dallas , promise $50,000 for everyone injured in an accident.

Here , Mike policy will pay off = maximum of $50,000 to George under policy terms ,

remaining Anount will paid by George policy , as this is case of Un collision, deductible =$100

amount paid by George policy = 100,000-50,000 -100 = $49,900.

Answer 2

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