Question

State Farm
State Farm Fire and Casualty Company
AT? NAMED NSURED
Matt & Sarah Justice
123 Get The W St.
Atlanta, GA 30306
11-2097-4 P
201A BECLARATIONS PAGE
FIRE OVL
PAGE 1 OF 2
POLICY NUMBER 35 5055-A
PoPEROaL 2 01710 JAN 16 2018
AGENT
PHONE: (770)
DON APAN IS UR NO RATATE ATATEMENT IS ENCLOSED.
YOUR CAR
YEAR
2007
MAKE TOYOTA
MODEL CAMRY
BODY STYLE
4DR
SYMBOLS
COVERAGE & LIMITS
Liabilty Coverage
Bodily Injury Limks
Each Person,
Each Acoident
$100,000
$300,000
Property Damage Limit
Each Accident
$100,000
Medical Payments Coverage
Limit - Each Person
31.00U
Comprehensive Coverage - $200 Deductiblo
Collision Goverage - $1,000 Deductible
Emergency Road Service Coverage
Car Rental and Travel Expenses Coverage
Limit - Car Rental Expense
Each Day.
Each Loss
80%
$1,000
Uninsured Motor Vehicle Coverage (Difference-In-Limts)
Bodily Injury Limts
Each Person,
$50,000
Each Accident
$100,000
Property Damage Limit ($250 Deductible)
Each Accident
$50,000
Total premium for JUL 21 2017 to JAN 16 2018.
VEHICLE ID. NUMBER 4T1B
CLASS
603011H300
PREMIUMS
$544.58
$54.55
$66.98
$193.70
$4.39
$27.07
$99.19
$990.46
This is not a bill,

An uninsured motorist accelerates into the back of this Toyota Camry when it is stopped at a red light. The accident causes $1,000 of damage to the policyholder’s car. How much will the policyholder’s insurance pay?

Assuming nothing changes and the bill matches this declaration page, how much will the policyholder pay for their auto insurance?


Responses

$990.46 for one year of coverage
$990.46 for one year of coverage

$544.58 for one month of coverage
$544.58 for one month of coverage

$544.58 for one year of coverage
$544.58 for one year of coverage

$990.46 for six months of coverage

Answer 1

1) The insurer would pay $750.00 — the damage is $1,000 and Uninsured Motorist Property Damage has a $250 deductible (1,000 − 250 = 750). (If you instead filed under collision, the $1,000 collision deductible would leave the insurer paying $0.)

2) $990.46 for the policy period shown (Jul 21, 2017 to Jan 16, 2018), i.e. about six months.