Solve the problem.
-A driver injures a bicycle rider. The driver has bodily injury limits of 15/30. In court, the injured rider is awarded damages of $23,000. Find the amount that the insurance company must pay and the amount that the insured must pay.

Question

Quizplus · Accepted Answer

The bodily injury limits of 15/30 mean that the insurance company will pay up to $15,000 per person and up to $30,000 total per accident for bodily injury damages. Since the damages awarded to the injured rider are $23,000, the insurance company will pay $15,000 and the insured driver will have to pay the remaining $8,000. Therefore, the answer is (D) $15,000, $8,000. The bodily injury limits of 15/30 mean that the insurance company will pay up to $15,000 per injured person, but no more than a total of $30,000 for all injured people in the accident. Therefore, since the injured rider is awarded damages of $23,000, the insurance company will pay the maximum amount of $15,000. The insured driver will be responsible for paying the remaining $8,000. Therefore, the insurance company must pay $15,000 and the insured must pay $8,000.

Solve the Problem. -A Driver Injures a Bicycle Rider. the Driver Has Bodily