How much will the insurance company pay


Problem

Rusty Reft, who lives in Territory 5, carries 10/20/5 compulsory liability insurance along with optional collision that has a $300 deductible. Rusty was at fault in an accident that caused $2,300 damage to the other auto and $2,200 damage to his own vehicle. Also, the courts awarded $13,700 and $8,300, respectively, to the two passengers in the other car for personal injuries.

1. How much will the insurance company pay?

2. What is Rusty's share of the responsibility?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: How much will the insurance company pay
Reference No:- TGS03258367

Expected delivery within 24 Hours