220 PIP COVERAGE

220 PIP COVERAGE

by Isabel Sanchez -
Number of replies: 5
While taking the practice quiz in Unit 3 Lesson 2, I came across this question: Pete has a Personal Auto Policy with basic PIP. Pete driving his car takes his son, Joe, and his son’s friend, Jim, on a trip to Texas. Pete is involved in an auto accident. Pete suffers $8,000 in injuries, Joe suffers $5,000 in injuries, and Jim suffers $6,000 in injuries. How much will Pete's PIP pay for all injuries? The correct answer is $10,400. Can anyone explain how to arrive at the correct answer?
In reply to Isabel Sanchez

Re: 220 PIP COVERAGE

by Marcelo Graglia -

$8000 from pete + $ $5000 from Joe X 0.80 because covers only 80 % = 10400 , jim apparently is not worth anything for the insurance companies because is not covered (not family or household) .

Ps: is just my impression or this course is just a transcript from the book with some questionaire?, I expected more considering is not cheap.

In reply to Marcelo Graglia

Re: 220 PIP COVERAGE

by Jan Bradburn- -

The questions asks who has coverage under Pete's policy.  Jim does not have coverage under Pete's policy because Jim will have coverage under his PIP policy.

Jan

 

In reply to Marcelo Graglia

Re: 220 PIP COVERAGE

by Deleted user -

For the price we're paying, we're getting the quizzes, the capability to sit them multiple times with the highest score being recorded and used in the final calculation of your grade, the ability to sit the final exam twice, access to course instructors, participation in the forums so you can interact with other students and faculty, and, most importantly, the clearance to sit the state exam upon completion of this online course with NO mandatory time commitment....so you can go at your own pace; slow, fast or whatever....that's a whole lot in my book.

In reply to Isabel Sanchez

Re: 220 PIP COVERAGE

by Jan Bradburn- -

Hi Israel,

Pete's policy will pay 80% of Pete and his son's (resident relative) injuries. Joe's injuries will be covered under his own PIP policy.

$8000 X 80% = $6400

$5000 X 80% = $4000

$6400 + $4000 = $10,400

I hope this helps.

Jan