An insurance quote lists liabilities, coverages, and premiums for two vehicles. The title for the quote is Car Insurance Quote for Danny and Sara Bell. A table follows with 5 columns and 16 rows. Row 1 contains headings: Column 1 is blank, Columns 2 and 3 are merged and titled 2015 Compact Sports ($6000 value), and Columns 4 and 5 are merged and titled 2018 Minivan ($23,000 value). Row 2 contains sub-headings: Column 1 is titled Liability, Column 2 is labeled 2015 sports limits, Column 3 is labeled premiums, Column 4 is labeled 2018 minivan limits and Column 5 is labeled premiums. Row 3 Column 1 is labeled 1 - Bodily Injury, Column 2 is labeled $50,000 per person, Column 3 is labeled $57.50, Column 4 is labeled $50,000 per person, and Column 5 is labeled $59.10. Row 4 Column 2 is labeled $100,000 per occurrence, and Column 4 is labeled $100,000 per occurrence. The other cells are blank. Row 5 Column 1 is labeled 2 - Property Damage, Column 2 is labeled $50,000 per occurrence, Column 3 is labeled $49.50, Column 4 is labeled $50,000 per occurrence, and Column 5 is labeled $45.90. Row 6 Column 1 is labeled 3 - Medical Payments, Column 2 is labeled $5,000, Column 3 is labeled $18.20, Column 4 is labeled $5,000, and Column 5 is labeled $18.20. Row 7 Column 1 is labeled 4 - Comprehensive, Column 2 is labeled Actual Cash Value ($250 deductible), Column 3 is labeled $38.90, Column 4 is labeled Actual Cash Value ($250 deductible), and Column 5 is labeled $42.30. Row 8 Column 1 is labeled 5 - Collision, Column 2 is labeled Actual Cash Value ($250 deductible), Column 3 is labeled $85.60, Column 4 is labeled Actual Cash Value ($250 deductible), and Column 5 is labeled $90.80. Row 9 Column 1 is labeled Additional Coverages, and the other cells are blank. Row 10 Column 1 is labeled 6 - Towing and labor, column 2 is blank, column 3 is labeled $2.00, column 4 is blank, and column 5 is labeled $2.00. Row 11 Column 1 is labeled 7 - Loss of Use $50 per day, column 2 is labeled $1000 max, column 3 is labeled $20.00, column 4 is labeled $1000 max, and column 5 is labeled $20.00. Row 12 Column 1 is blank, column 2 is labeled Total 1 through 7, column 3 is labeled a right parenthesis, Column 4 is labeled Total 1 through 7, and column 5 is labeled b right parenthesis. Row 13 Column 1 is blank, Column 2 is labeled Uninsured motorist bodily injury, Column 3 is labeled declined, Column 4 is labeled Uninsured motorist bodily injury, and Column 5 is labeled $76.10. Row 14 Columns 1 through 3 are blank. Column 4 is labeled Total each vehicle: 2015 sports, and Column 5 is labeled c right parenthesis. Row 15 Columns 1 through 3 are blank. Column 4 is labeled 2018 minivan, and Column 5 is labeled d right parenthesis. Row 16 Columns 1 through 3 are blank. Column 4 is labeled Total six-month premium for all vehicles, and Column 5 is labeled e right parenthesis.
Help Danny and Sara interpret this insurance quote for their 2015 sports car and 2018 minivan.
Determine the totals for items a, b, c, d, and e. Show your work or explain how you got your answer.
(4 points)
1 answer
To determine the totals for items a, b, c, d, and e from the insurance quote table, we'll add up the premiums for each vehicle based on the provided coverages and their respective premium amounts.
Calculating Totals
For the 2015 Compact Sports:
Bodily Injury:
$57.50 (for $50,000 per person)
$57.50 (for $100,000 per occurrence) - Not provided in the table; hence, only $57.50 from the first coverage is included.
Property Damage:
$49.50 (for $50,000 per occurrence)
Medical Payments:
$18.20 (for $5,000)
Comprehensive:
$38.90 (Actual Cash Value with a $250 deductible)
Collision:
$85.60 (Actual Cash Value with a $250 deductible)
Towing and Labor:
$2.00
Loss of Use:
$20.00 (for $50 per day, $1000 max)
Let’s now sum these premiums:
Total for 2015 Sports (Items 1 through 7):
\[
57.50 + 49.50 + 18.20 + 38.90 + 85.60 + 2.00 + 20.00 = 271.70
\]
Thus, item a = 271.70.
For the 2018 Minivan:
Bodily Injury:
$59.10 (for $50,000 per person)
$59.10 (for $100,000 per occurrence) - Not included due to lack of second listed premium.
Property Damage:
$45.90 (for $50,000 per occurrence)
Medical Payments:
$18.20 (for $5,000)
Comprehensive:
$42.30 (Actual Cash Value with a $250 deductible)
Collision:
$90.80 (Actual Cash Value with a $250 deductible)
Towing and Labor:
$2.00
Loss of Use:
$20.00 (for $50 per day, $1000 max)
Let’s sum these premiums:
Total for 2018 Minivan (Items 1 through 7):
\[
59.10 + 45.90 + 18.20 + 42.30 + 90.80 + 2.00 + 20.00 = 278.30
\]
Thus, item b = 278.30.
Summary of Totals:
Total Premium for the 2015 Sports (c) = 271.70
Total Premium for the 2018 Minivan (d) = 278.30
Total Six-Month Premium for Both Vehicles
Now, let's find total e, which is the sum of both vehicles' total premiums:
\[
e = a + b = 271.70 + 278.30 = 550.00
\]
Thus, the final totals are:
a = 271.70
b = 278.30
c = 271.70 (total for the 2015 Compact Sports)
d = 278.30 (total for the 2018 Minivan)
e = 550.00 (total for both vehicles)
These calculations will allow Danny and Sara to understand their insurance quote better.
