Question

Allen, a sole proprietor, is crossing the street when he is struck by a passing uninsured auto. He sustains $2,500 in medical bills, $3,000 damage to the laptop he was carrying, and $1,000 in lost wages. Allen's business auto policy has $100,000 liability limit and $5,000 medical payments limit. Assuming there is no other coverage, how much will his business auto policy pay?

Answer 1

business auto policy pay is $2,500

Step-by-step explanation:

given data

medical bills = $2500

damage to the laptop = $3,000

lost wages = $1000

liability limit = $100,000

medical payments limit = $5000

solution

As here business auto policy pay is $2500

because here all other damage that is occur is not cover under the liabilty claims

so here business auto policy pay is $2,500