Question

The insured has an auto policy with liability limits of $30,000/$60,000/$10,000. He negligently runs off the road and causes $70,000 damage to an apartment building. How much will the policy pay

Answer 1

Based on the information given the amount that the policy will pay is $10,000.

What is insurance?

Insurance is a coverage that help to cover expenses or liability incase of unforeseen circumstance so as to save cost.

Based on the information given the amount that the policy will pay for the damages of the amount of $70,000 will be $10,000 which represent the auto policy liability limits.

Inconclusion the amount that the policy will pay is $10,000.

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