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Bill buckely has​ split-limit 125​/250​/50 automobile liability insurance on his 2008 subaru. driving home from work in a​ snowstorm, he hit a​ mercedes, slid into a​ guardrail, and knocked down a telephone pole. damages to the​ mercedes, the​ guardrail, and the telephone pole were ​$37 comma 849​, ​$9 comma 761​, and ​$17 comma 814 respectively. how much will​ bill's insurance company​ pay? how much will bill be required to pay​ directly?

Respuesta :

jepessoa

Answer:

how much will​ bill's insurance company​ pay?

  • $50,000

how much will bill be required to pay​ directly?

  • $15,424

Explanation:

The split limits are used by insurance companies to separate the amounts that they cover per accident:

  • first limit is the maximum paid per person injured = $125,000
  • second limit is the maximum paid to all injured people = $250,000
  • third limit is the maximum paid for property damages = $50,000

the damages caused by this accident were:

  • Mercedes Benz car = $37,849
  • guardrail = $9,761
  • telephone pole = $17,814
  • total damages = $65,424

Since Bill's limit for property damage is $50,000, he will need to pay $65,424 - $50,000 = $15,424

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