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You are responsible for an automobile accident. Use the information below to determine:

1. the total amount your liability insurance will pay for the accident
2. the total amount your collision insurance will pay for the accident
3. the amount of additional damages you are responsible for as a result of the accident

You and the driver of the other car were the only people involved in the accident. There were no injuries from the accident.

You have a 50/100/50 liability insurance policy with no deductible
You have collision insurance with a deductible of $500
The other car was valued at $25,000 and requires $10,000 in repairs
Your car was valued at $20,000 and requires $15,000 in repairs

Respuesta :

abiolataiwo2015

The total amount your liability insurance will pay is $25,000 and  the total amount your collision insurance will pay for the accident is $24,500.

Insurance

1. Total liability to pay

Total liability to pay= Car value at $25,000 repair  + Car value at $20,000Repairs

Total liability to pay=$10,000+$15,000

Total liability to pay=$25,000

2. Total collision amount to pay:

Total collision=$25,000-$500 (Deductible)

Total collision=$24,500

3. The amount of additional damages you are responsible for as a result of the accident is $0.

Therefore the total amount your liability insurance will pay is $25,000 and  the total amount your collision insurance will pay for the accident is $24,500.

Learn more about insurance here: https://brainly.com/question/25855858

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