Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000
a. how much does alicia have to pay?
b. how much does her insurance pay?
Just before the accident, alicia actually reduced her policy from $50,000 to $25,000.
a. how much does alicia have to pay?
b. how much does her insurance pay?