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Marika Katz bought a new Blazer and has insurance coverage of 25/50/25 with $200 deductible for collision. Driving up to her summer home one evening, Marika hit a parked car and injured the couple inside. Marika’s car had damage of $7,500, and the car she struck had damage of $5,800. After a lengthy court suit, the couple struck were awarded personal injury judgments of $18,000 and $9,000, respectively.

a. What will the insurance company pay for this accident?

Amount paid            $

b. What is Marika’s responsibility?

Amount paid            $

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92093263

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