Question

Max has a 50/300 personal injury protection policy that covers

each person in, on, around, or under his car for medical
expenses as a result of an accident. Max caused a car accident
and several people were injured. One person has $12,000 of
medical expenses, one person has $83,000 worth of medical
expenses, and Max himself has medical expenses totaling
$57,000. How much total money must the insurance company
pay out for these three people?

Answer 1

Explanation:

Max has a 50/300 personal injury protection policy, which means the policy covers up to $50,000 per person for medical expenses as a result of an accident, with a maximum coverage limit of $300,000.

Let's calculate the total medical expenses for the three people:

$12,000 (person 1) + $83,000 (person 2) + $57,000 (Max) = $152,000

Since the total medical expenses are $152,000, and the policy covers up to $300,000, the insurance company must pay out the full $152,000 for these three people.

is the right answer

Answer 2

Max has a 50/300 personal injury protection policy, which means the policy covers up to $50,000 per person for medical expenses as a result of an accident, with a maximum coverage limit of $300,000.

Let's calculate the total medical expenses for the three people:

$12,000 (person 1) + $83,000 (person 2) + $57,000 (Max) = $152,000

Since the total medical expenses are $152,000, and the policy covers up to $300,000, the insurance company must pay out the full $152,000 for these three people.