Question

Suzie Speedy is insured for bodily injury in the amount of 10/20. She is at fault in an accident in which Vic Victim is injured. Also injured in the accident is a pedestrian, Billy Bystander. Vic's medical expenses total $18,000; Billy's come to $6,000. How much will the insurance pay?

Answer 1

for Vic: $10,000

for Billy: $6,000

TOTAL: $16,000

Explanation:

Answer 2

Total Insurance would be paid $16,000.

Explanation:

10/20 means $10,000 this is maximum coverage for bodily injury liability for each person/ $20,000 is the policy limit.

so

Vic will get $10,000 from the insurance company (the "per occurrence" limit) and Billy will get $6,000 because there's still an additional $10,000 left over for "policy limit".

So total Insurance would be paid $16,000.