Question

Thomas Joslin was judged at fault in an automobile accident. Three others were awarded damages of $143,000, $81,000, and $76,000. Thomas has 100/300 bodily injury liability coverage. What amount, if any, would not be covered by his insurance?

Answer 1

Answer:

$43,000

Explanation:

Data provided in the question is below:-

Awarded damages of = $143,000, $81,000 and $76,000

The computation of amount (if any) that would not covered in his insurance is below:-

Total coverage = $143,000 + $81,000 + $76,000

= $300,000 × (100 ÷ 300)

= $100,000

Excess individual claim = Awarded damages - Total coverage

$143,000 - $100,000

= $43,000

Therefore, the total claim is less than $300,000 and  the other claims are less than $100,000 each.

Answer 2

The Excess individual claim is $43,000 When the total claim is less than $300,000 and also the other claims are less than $100,000 each.

What is Liability?

When the Data provided in the question is below:-

Then, Awarded damages of = $143,000, $81,000 and $76,000

Now, The computation of amount (if any) that would not covered in his insurance is below:-

Hence, The Total coverage is = $143,000 + $81,000 + $76,000

= $300,000 × (100 ÷ 300)

= $100,000

Then Excess individual claim = Awarded damages - Total coverage

$143,000 - $100,000

Thus, = $43,000

Therefore, When the total claim is less than $300,000 and also the other claims are less than $100,000 each.

Find more information about Liability here:

https://brainly.com/question/26083315