Personal Finance 1st Edition by Jack R. Kapoor

Exercise 32

Determining a Property Damage Liability Claim. 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. 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? (Obj. 5)