Can someone detail me an explanation for this questions

Can someone detail me an explanation for this questions

by Jamesly Louis -
Number of replies: 3

Tom is injured in a not at-fault auto accident and has temporary injuries. What can be recovered in a tort claim if he has $16,000 in medical bills with a $1,000 PIP deductible?

The answer is 6,000.00 but for the life of me can't figure out how or maybe I am looking at too deep - thank you in advance -

In reply to Jamesly Louis

Re: Can someone detail me an explanation for this questions

by Kaylee Colvard -
You are looking too into the question! Figure pip payment first: $16,000 - $1,009 deductible = $15,000 Medical pays 80% x $15,000 =$12,000 Pip max is $10,000 Therefore the insured's out if pocket is 16,000 - 10,000 = $6,000 Remember, tort allows you to recover the deductible since you were not at fault. Hope that helps!
In reply to Kaylee Colvard

Re: Can someone detail me an explanation for this questions

by Jamesly Louis -

Kaylee - thank you for the help - very helpful and understanding

In reply to Kaylee Colvard

Re: Can someone detail me an explanation for this questions

by Jan Bradburn- -
Kaylee,

It is awesome when the student becomes the teacher. You really understand the course material when you can explain the concept to another student. Your answers correct and well-worded.

Jan