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29 September, 02:17

2,

Ronaldo has 50/250 Bl liability insurance. He loses control of his car and injures 18 children in a

Little League game, and each child is awarded $20,000 as a result of a lawsuit. How much will the

insurance company pay in total for this lawsuit? How much will Ronaldo be personally

responsible for?

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Answers (1)
  1. 29 September, 02:51
    0
    Insurance will pay $250,000 and Ronaldo will pay $90,000

    Step-by-step explanation:

    50/250 means 50 is the maxi9$50,000 per person for body injury liability while 250 means $250,000 maximum for one accident for body injury liability claim.

    18 children each was awarded $20,000 as a result of lawsuit

    Total amount of lawsuit=18*$20000 = $360000

    Ronald has 50/250 BI

    Total amount insurance will pay = 250,000

    Ronald will have to pay = $ (360,000-250000) = $90,000
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