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5. Lindsey has 30/60/40 liability insurance and $10,000 PIP insurance. She falls asleep at the wheel crashing

into a truck and a taco stand. People in the truck are injured but no one is around the taco stand. The three
passengers in Lindsey's car are also hurt.
a. The truck will cost $14,000 to fix. The taco stand is demolished and will cost $30,000 to replace..
How much will the insurance pay? How much will Lindsey pay?
Insurance Pay:
Lindsey Pay:
b. The driver of the truck has injuries totalling $33,500 in medical bills. How much will the insurance
company pay? How much will Lindsey pay?
Insurance Pay:
Lindsey Pay:
c. The three passengers in Lindsey's car are hurt: one requires $10,000 worth of medical attention,
another $8,000, and the third $13,000 worth of medical attention. How much will the insurance
company pay? How much will Lindsey pay?
Insurance Pay:
Lindsey Pay:

User Capybara
by
8.5k points

1 Answer

4 votes

Answer: a. Liability insurance will cover damages caused to others, so the insurance will pay for both the truck and taco stand damages.

Liability insurance will cover up to $30,000 for bodily injury per person, up to $60,000 total for bodily injury per accident, and up to $40,000 for property damage per accident.

Since the cost to fix the truck is $14,000, and there were injuries to people in the truck, the insurance will pay up to $60,000 for bodily injury to the passengers in the truck. The taco stand will also be covered under the property damage liability coverage, which is up to $40,000 per accident.

Therefore, the insurance will pay:

- $14,000 for the truck

- $30,000 for the taco stand

- Up to $60,000 for bodily injury to the passengers in the truck

- The PIP insurance will cover medical expenses up to $10,000 per person.

The total insurance pay will be $104,000.

Lindsey will be responsible for paying any damages beyond what the insurance covers. In this case, Lindsey will be responsible for any property damage exceeding $40,000 and any bodily injury expenses exceeding $60,000.

b. The driver of the truck's medical bills total $33,500. This falls within the bodily injury liability coverage limit of $60,000 per accident, so the insurance will cover the entire cost of the medical bills.

Therefore, the insurance will pay $33,500.

Lindsey will not have to pay anything out of pocket for the driver's medical bills.

c. The total medical bills for Lindsey's passengers are $10,000 + $8,000 + $13,000 = $31,000. This falls within the PIP coverage limit of $10,000 per person, so the insurance will cover the entire cost of the medical bills for all three passengers.

Therefore, the insurance will pay $31,000.

Lindsey will not have to pay anything out of pocket for the passengers' medical bills.

Explanation:

User Ivan Castellanos
by
8.1k points