Question

Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $150,000, $75,000, and $75,000. Thad has 100/300 bodily injury liability coverage. What amount, if any, would not be covered by his insurance?

Answer 1

Answer:

$50,000

Explanation:

Given that

Thad has a insurance coverage of 100/300 bodily injury

And

3 injured people with costs of $150k, $75k and $75k.

According to the 100/300, it means that the insurance will cover only up to $100,000 in liability sustained by a single person and up to $300,000 per accident.

Thus, since 2 of the victims are below $100k, the insurance would cover it fully, but for the one above $100k, the insurance would only cover it up to a $100k, leaving a total of $50000 uncovered. As the insurance claim is limited to $100,000 per person.