a. What will the insurance company pay for this accident? Amount paid b. What is Marika's responsibility? Amount paid
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Wrong Answer. There is nothing in the question that isn't in English
by Bartleby ExpertWhen I give you a question you tell me you have an answer but the answer is not even my questions. Same name but different facts in you answer question.
by Bartleby Expert- Fiona is seriously injured in a car accident and sues the drunk driver who hit her. Frank, Fiona's loving husband who luckily was not in the car with her at the time, joins in Fiona's lawsuit with his own claim for loss of consortium. Fiona and Frank ultimately win and the jury awards them civil damages as follows Fiona $2,000,000 for medical bills, pain & suffering, etc. related to her physical injuries; $500,000 for the resulting emotional distress and associated medical bills; $450,000 for loss of earnings while recovering from her injuries; $50,000 for her "totaled" car; and $1,000,000 punitive damages. Frank $350,000 for loss of consortium. On Fiona and Frank's joint federal income tax return for the year in which they receive the above amounts, how much, if any, of those amounts must be includ-ed in their gros income? Explain in 2-3 sentences.Marika Katz bought a new Blazer and insured it with only compulsory insurance 10/20/5. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marika’s car had damage of $9,600, and the car she struck had damage of $7,900. After a lengthy court suit, the couple struck were awarded personal injury judgments of $15,900 and $6,900, respectively. What will the insurance company pay for this accident? What is Marika’s responsibility?Kurt has 25/50/10 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $13,000, and damage to the store was $7,500. (a) What amount will the insurance company pay for the damages? Amount paid (b) What amount will Kurt have to pay? Amount paid
- Kurt has 25/50/25 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. The damage to the parked car was $10,700, and the damage to the store was $18,500. What amount will the insurance company pay for the damage? What amount will Kurt have to pay?Linda was involved in an auto accident in which she was at fault. Her own car sustained $3,793 damages and the other vehicle cost $992 to repair. Linda was not injured, but the driver of the other car required medical treatment costing $8,968 and a passenger's injuries totaled $22,135. There was additional property damage in the amount of $3,596. Linda's policy includes 50/100/50 liability, $250 deductible collision and full coverage comprehensive. How much of the damages must Linda pay? a. $250 b. $3,543 c. $4,785 d. $39,484Megan crashed her car into another vehicle. The damage to her car cost $2,568 to repair. Damage to the other vehicle cost $6,820. Megan's collision coverage has a $1,000 deductible. Her property damage liability is $5,000. How much will her insurance company pay for repairs?
- Maya was involved in an auto accident in which she was at fault. Her own car sustained $1,326 damages and the other vehicle cost $1,186 to repair. Maya was not injured, but the driver of the other car required medical treatment costing $3,948 and a passenger's injuries totaled $3,846. Maya's policy includes 10/20/5 liability, $250 deductible collision and full coverage comprehensive. How much of the damages must Maya pay?______ A.$250 B.$260 C.$412 D. $1,031Margo ran a stop sign and crashed into another car as they were crossing the intersection. Margo had two other passengers in her car. In the car that she hit there were 3 passengers. Two sued Margo for damages and medical expenses. They were awarded $250,000 each. The third person did not sue but had $54,000 in medical expenses from the accident. Todd in Margo's car always was hurt and had $36,000 in medical expenses. There was also damage to a fence, the other car, and a lawn for a total of $24,000. Margo pays for the following car insurance: 200/500/20, PIP: 40,000. What is the total cost the insurance company will pay AND what is the total cost to Margo?George and Emily Cosgrove of Athens, Georgia, recently had a fire in their garage that destroyed two of their cars and did considerable damage to the garage and to the outside of their home. After receiving their reimbursements from their homeowner's and automobile insurance policies, the Cosgroves realized that they were severely underinsured. One vehicle was not insured for fire, and the insurance on their dwelling amounted to only 60 percent of its current replacement value. What do you recommend to George and Emily about managing property and liability risk regarding: 1. The relationship between severity and frequency of loss when deciding whether to buy insurance?
- Kurt has 50/100/15 auto insurance coverage. One evening he lost control of his vehicle hitting a parked car and damaging a store front along the street. Damage to the parked car was 5,400 and damage to the store was 12,650. What amount will the insurance company pay for the damages? What amount will Kurt have to pay?Josh Edwards was judged at fault in an automobile accident. Three others were awarded damages of $200,000, $100,000, and $100,000. Josh has 100/400 bodily injury liability coverage. What amount, if any, would not be covered by his insurance?Valerie purchased a Personal Auto Policy with liability limits of 75/150/25. She ran a stop sign and hit another vehicle. The following losses occurred: - Valerie's vehicle sustained $10,000 in damages. - Valerie incurred $20,000 in medical expenses. The other vehicle was totalled with $40,000 in damages. Passenger #1 in the other vehicle suffered $20,000 in bodily injuries. Passenger #2 in the other vehicle sliffered $100,000 in bodily injuries. - Passenger #3 in the other vehicle suffered $40,000 in bodily injuries. How much will Valerie's insurer pay under Part A-Liability Coverage? O $160,000 O $180,000 O $230,000 O $200,000
