Question

Your son left his skateboard at the bottom of the basement stairs. While going downstairs to change a broken light bulb, you step on the skateboard and break your ankle during the fall. Medical damages total $1,455. How much will your $140,000 homeowners' insurance policy pay for this accident? The policy has $100,000 comprehensive liability coverage and medical payments of $1,000/person.

Answer 1

The homeowners' insurance policy will pay $1,000 towards the medical expenses resulting from the accident.

Step-by-step explanation:

To determine how much the homeowners' insurance policy will pay for this accident, we need to consider the different coverage limits provided by the policy. The policy has $100,000 comprehensive liability coverage and $1,000/person for medical payments. Since your medical damages total $1,455, the policy will cover the maximum medical payment limit of $1,000 per person. Therefore, the insurance company will pay $1,000 towards your medical expenses.