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Kurt Simmons has 75/160/20 auto insurance coverage. One evening he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $8,000, and damage to the store was $24,320.

1. What amount will the insurance company pay for the damages?

2. What amount will Kurt have to pay?

Financial Management, Finance

  • Category:- Financial Management
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