1. Paul is the owner of Paul\'s Food brokers. He owns 12 new private passenger v

Question

1. Paul is the owner of Paul's Food brokers. He owns 12 new private passenger vans that are used by his sales staff. The vehicles are insured under a Business Auto Coverage Form that provides liability coverage for "owned autos only" with a single limit of $500,000. and $5,000. for medical expense. The policy also provides collision and comprehensive coverage for "owned autos only" with a $1,000. deductible for each coverage. What amount, if any, will be paid by Paul's Business Auto insurer for each of the following losses? If a loss is covered, explain, why. a. A salesman for Paul ran a stop sign and collided with a car. (1) It will cost $5,000. to repair the damaged car that Paul

Explanation / Answer

calculating increasing rate of return it can be estimaated that paul wud def be beneificiated from not doing so..

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