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Business, 20.04.2020 07:48 tragicteekaay

Suppose you have just 30/60/40 liability insurance. You hit another motorist (and are at fault because you were texting) and cause $60,000 worth of damage to his 1986 Mustang. Four people were in the car. Their medical bills totaled $102,000. Your car also sustains $1,500 worth of damage and your medical bills come out to $250.
a. What does your insurance company pay? Show breakdown.
b. What are you liable to pay? Show breakdown.

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Suppose you have just 30/60/40 liability insurance. You hit another motorist (and are at fault becau...

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