Collision and other-than-collision insurance with deductible

Assignment Help Financial Management

Reference no: EM131048500

Sam has auto liability insurance with limits of 25/50/25. He also has collision and other-than-collision insurance with a deductible of $500 on his 2010 minivan, valued at $22,500. Sam was distracted and drove into the side of a school bus, injuring three students. Tom had medical bills of $27,739. Dick had medical bills of $12,345. Harry had medical bills of $4,970. The accident did $11,074 damage to the school bus and $8,956 to Sam's car. How much of all of this will be paid by Sam's insurance company?

Reference no: EM131048500

Questions Cloud

Cost of trade credit-retailer effective cost of trade credit : Cost of Trade Credit A large retailer obtains merchandise under the credit terms of 3/10, net 40, but routinely takes 50 days to pay its bills. (Because the retailer is an important customer, suppliers allow the firm to stretch its credit terms.) Wha..

What is your estimate of the current share price : Industrial Lights is expected to have $20 millions in free cash flows next year. The growth rate of free cash flows is expected to be 14% in the following year, 12% in the year after that, and continue declining by 2% until it reaches 6%, where it is..

Considering an asset allocation-what is beta of portfolio : You are considering an asset allocation that will consist of 10 percent in the money market account, 40 percent in the Small-Stock Fund, which has a beta of 1.40 and 60 percent in the S&P/TSX index fund, which has a beta of 1.0. What is the beta of y..

What is the equivalent uniform annual cost of the implement : Lucas Construction just purchased a new track hoe attachment costing $12,500. The CFO, Mr. Cameron Lucas, expects the implement will be used for five years when it is estimated to have a salvage value of $4,000. Maintenance costs are estimated to be ..

Collision and other-than-collision insurance with deductible : Sam has auto liability insurance with limits of 25/50/25. He also has collision and other-than-collision insurance with a deductible of $500 on his 2010 minivan, valued at $22,500. Dick had medical bills of $12,345. Harry had medical bills of $4,970...

Comprehensive and collision insurance : Alan owns a 2011 BMW, which he paid $44,000 for. He has comprehensive and collision insurance on the car with a $500 deductible. This year, Alan has had a series of unfortunate incidents. Then some darn teenager spray painted a "piece" sign on the tr..

Differentiation strategy or focus-cost leadership strategy : Give one example of a service firm that either uses a focus/differentiation strategy or a focus/cost leadership strategy. Briefly describe the market segment served by the firm. Rate the complexity and rate the divergence of the firm’s service operat..

Face value bonds outstanding-what is yield to maturity : Best Western has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in three years, and have a 5 percent coupon. The current price is quoted at 101. What is the yield to maturity

Total stockholders equity : Sitwell Enterprises began the year with $1,000,000 in total assets and ended the year with $1,500,000 in total assets. It had no debt at the beginning of the year, but it had $200,000 at the end of the year. What was Sitwells net worth (that is, tota..

User Account

All Pages