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Jose has the personal automobile policy with liability limits as follows: $25,000/$50,000 BI (bodily injury) and $10,000 PD (property damage). Jose is held liable in an accident in which he must pay for bodily injuries as follows: Person A, $10,000, Person B, $30,000. How much his insurance company will pay for this accident

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Answer:

$35,000

Explanation:

We need to interpret Jose's insurance policy terms ;

$25000/$50000 ; this means that the maximum amount the policy will pay per injured individual is $25000.

While the maximum amount the policy will pay for all injuries per accident is $50,000

Given that :

Bodily injury to :

person A = $10,000

Person B = $30,000

Since A < 25000 ; policy covers, $10,000

Since B > 25000 ; policy will cover $25000

Amount insurance company will pay :

$(10,000 + 25,000) = $35,000

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