Stephen Bjork's insurance policy reads as follows: Coverage; Limits Bodily Injury/Property Damage $250,000/$500,000/$100,000 Personal Injury Protection...

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Stephen Bjork's insurance policy reads as follows: Coverage; Limits Bodily Injury/Property Damage $250,000/$500,000/$100,000 Personal Injury Protection...

Stephen Bjork's insurance policy reads as follows:

Coverage;	Limits
Bodily Injury/Property Damage	$250,000/$500,000/$100,000
Personal Injury Protection	$150,000 Per-Person
Uninsured Motorist	$100,000/$300,000
Physical Damage: Collision Comprehensive	Deductible = $1,000 Deductible = $500
Emergency Road Service	Up to $95
Rental Reimbursement	Up to $25 per-day, $750 maximum

He hits a guardrail out on the highway in Canada. He is slightly injured and his medical bills total $1,200. The damage to the guardrail costs $8,669 to repair. How much will his policy pay out on this loss?

business accounting

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Answer 1

Answer #1

Policy Payout:

1. $1200 for medical bills

2. $8,669 for the guardrail to repair

3. $1000 will be deducted as it is a collision damage

Thus 1+2-3

=1200+8669-1000

= $8,869

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Answer 2

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