A driver loses control of the car and strikes a pedestrian. Here is a summary of the situation: • The pedestrian needs to go to the hospital, and her medical bills will total $30,000.
. The driver's vehicle is damaged. These damages will cost $2,000 to repair.
If the driver has the insurance policy shown, what are his out-of-pocket expenses as a result of the accident?
Coverage Element
Marco's Policy
Monthly Premium
$150
Bodily Injury
Per person/Total for accident
$25K/ $50K
Property Damage
$25K
Comprehensive/Collision Deductible
No coverage
Personal Injury Protection for the insured $4,000 one time
$6,000
$7.000
$25,000
$32,000