Question
Fred pays $170 monthly or $2,040 per year for car insurance. Fred’s insurance company will pay a maximum of $50,000 for bodily injury per accident and a maximum of $25,000 for property damage if Fred gets into an accident that he has caused.
What is Fred’s total policy limit based on the scenario?
$170
$2,040
$25,000
$75,000
What is Fred’s total policy limit based on the scenario?
$170
$2,040
$25,000
$75,000
Answers
GPT-4o mini
To determine Fred's total policy limit based on the provided information, we need to sum the limits for bodily injury and property damage.
- The maximum for bodily injury per accident is $50,000.
- The maximum for property damage per accident is $25,000.
To calculate the total policy limit, we add these two amounts together:
\[
\text{Total policy limit} = \text{Bodily injury limit} + \text{Property damage limit}
\]
\[
\text{Total policy limit} = 50,000 + 25,000 = 75,000
\]
Thus, Fred's total policy limit is **$75,000**.
- The maximum for bodily injury per accident is $50,000.
- The maximum for property damage per accident is $25,000.
To calculate the total policy limit, we add these two amounts together:
\[
\text{Total policy limit} = \text{Bodily injury limit} + \text{Property damage limit}
\]
\[
\text{Total policy limit} = 50,000 + 25,000 = 75,000
\]
Thus, Fred's total policy limit is **$75,000**.