Question

Mr. Cousins has 100/300 bodily injury insurance. He was in an auto accident caused by his negligence. Five people were injured in the accident. They sued and were awarded money. One person was awarded $150,000 and each of the other two was awarded $95,000. How much witll the insurance company pay for these lawsuits?

Answer 1

Date: 

bodily injury insurance = 100/300 =1/3 

People Injured= 5 

1 person have  $150,000

4 people have $95,000

Total Cost = $150,000 + 4($95,000)
Total Cost= $150,000 + $380,000
Total Cost= $530,000

bodily injury insurance will pay just 1/3 

How much witll the insurance company pay for these lawsuits? 

$530,000/3= $176,667