The insured is an owner and is insured for PIP. She is injured in an accident and has the following damages: medical-$12,000, lost wages-$6,000. How much will PIP pay if there is a $1,000 deductible?
But the right choice is $ 10000
Can anyone help me where I made mistake in the calculations?
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Hello, I need help with this. I don’t understand it quite enough
There are two policies covering the same loss of $30,000. Policy A coverage limit is $100,000 and policy B coverage limit is $200,000. How would the loss be distributed under the Pro-rata distribution method?
Policy A would pay $____ (1/3 of the loss $100,000 / $300,000) and Policy B $20,000 (2/3 of the loss $200,000 / $300,000). (Please answer the question in numerical form).
(posted for an INS020FL student)
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