Ask Question
17 July, 03:42

Timothy was driving his friend Nick to football practice. While driving, he was hit by a driver who had coverage of 100/300/50. Tim and Nick each suffered some physical injuries. Based on this information, which of the following is correct?

A) The policy would provide a maximum of $100,000 for each person who was injured, and no more than $300,000 for total injuries of all parties in the accident.

B) Individually, Timothy and Nick's injuries would be covered to $300,000 each.

C) The total coverage for Timothy and Nick would be $100,000, and the driver who caused the accident would be covered to $50,000.

D) Nick's injuries would be covered to $50,000.

+3
Answers (1)
  1. 17 July, 07:15
    0
    A) The policy would provide a maximum of $100,000 for each person who was injured, and no more than $300,000 for total injuries of all parties in the accident.

    Explanation:

    The auto liability insurance policy held by the driver is an example of a split limit liability insurance. The split limit insurance of 100/300/50 is explained thus:

    $100,000 - bodily injury liability insurance per person

    $300,000 - Total bodily injury liability insurance per accident

    $50,000 - Property damage liability per accident.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Timothy was driving his friend Nick to football practice. While driving, he was hit by a driver who had coverage of 100/300/50. Tim and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers