Question

Rocco causes an auto accident on a residential street. He has liability coverage only. He causes $7000 in damage to someone else’s car, $2000 in damage to his own car, has a $500 deductible, and has a maximum coverage limit of $10,000. How much will insurance pay toward fixing Rocco’s car? Explain.

Answer 1

The insurer will cover damage/injuries that have happened to other people in an accident that you have been caused.

What do you mean by insurance?

Insurance refers to the agreement that makes regular payments to a company and the company promises to pay the money if suffered any loss or injury.

Rocco causes an auto accident on a residential street having liability coverage only. The insurance company does not pay any amount for fixing Rocco's car because liability only covers injuries/damage that has happened to other people in the accident that have been caused.

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