Problem:
Kurt Simmons has 50/100/15 auto insurance coverage. One evening he lost control of his vehicle hitting a parked car and damaging a storefront along the street. Damage to the parked car was $6,300, and damage to the store was $15,820.
Required:
Question: What amount will the insurance company pay for the damages? What amount will Kurt have to pay?
Note: Please show the work not just the answer.