Answered

Solve your doubts and expand your knowledge with IDNLearn.com's extensive Q&A database. Our experts are ready to provide prompt and detailed answers to any questions you may have.

Mrs. Cook carries limits of liability of $100,00/$300,000/$50,000 on her personal automobile policy. After an accident, Mrs. Cook's insurer paid $80,000 in bodily injury damages and her defense costs were $40,000. What amount did the insurer pay as a result of this accident?

Sagot :

Answer: $120,000

Explanation:

Based on the information given, the amount that the insurer will pay as a result of this accident will be gotten by adding the amount of bodily injury damages and the defense costs. This will be:

= $80000 + $40000

= $120,000

Therefore, the insurer will pay $120,000.

We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. IDNLearn.com has the solutions you’re looking for. Thanks for visiting, and see you next time for more reliable information.