Please explain the following question:.
Jane is driving Mary's car. Jane has an at-fault accident with Bob. Mary has liability limits of 10/20/10. Jane has liability limits of 100/300/100. If Bob has $40,000 in bodily injury, how much will be collected from Jane's policy? (IGNORE PIP)
Gerzell,
I believe I answered this question in a separate email, but I want to response in the student forum for the benefit of other students.
Insurance coverage follows the vehicle so Mary's coverage is primary and it will pay $10,000 in liability coverage. Jane's coverage is excess and it will pay the remaining $30,000 in coverage.
Jan
I believe I answered this question in a separate email, but I want to response in the student forum for the benefit of other students.
Insurance coverage follows the vehicle so Mary's coverage is primary and it will pay $10,000 in liability coverage. Jane's coverage is excess and it will pay the remaining $30,000 in coverage.
Jan