Friday 4 October 2013

Your Questions About What Is The Time Limit For A Personal Injury Claim

John asks…Personal Auto Policy exam question...?Joe has a Personal Auto Policy with Liability of 25/50/25. He hits a car with 4 occupants from Minnesota, all whom are hurt. They all sue. The first sues for $20,000; the second sues for $35,000 the third sues for $22,000; the fourth sues for $18,000. The car Joe hit has $8,000 in damage. The company spends $20,000 on a law firm for defense. Ignoring any PIP or Medical Payments, what is the total cost to the company for Joe's claim?

a.

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