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Jim drove his car into a home and wiped out the car in front of him,...

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Finance

Jim drove his car into a home and wiped out the car in front ofhim, the home, and a pedestrian. Jim has auto liability insuranceof 25/50/10. He also has medical payments coverage of $1,000 and a$250 deductible on his collision coverage. The following damageresulted:

Pedestrian's claims

$29,000

Jim's injuries

1,500

Other driver's claims

12,000

Passenger's (in other car) claims

20,000

Damage to Jim's car

11,500

Damage to other car

12,500

Damage to the home

8,000

How much will Jim's auto insurance coverage pay for thisaccident? How much will Jim be personally responsible for?

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Transcribed Image Text

Jim drove his car into a home and wiped out the car in front ofhim, the home, and a pedestrian. Jim has auto liability insuranceof 25/50/10. He also has medical payments coverage of $1,000 and a$250 deductible on his collision coverage. The following damageresulted:Pedestrian's claims$29,000Jim's injuries1,500Other driver's claims12,000Passenger's (in other car) claims20,000Damage to Jim's car11,500Damage to other car12,500Damage to the home8,000How much will Jim's auto insurance coverage pay for thisaccident? How much will Jim be personally responsible for?

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