Answer:
Based on the type of insurance you have and the people involved in the accident, the total amount of liability you will pay is $25,000.
The total amount that your collision insurance will pay is $24,500 and the amount of additional damages you will pay is $0.
What is the total amount you will pay?
The coverage is 50/100/50 means that the insurance company will pay up to $50,000 for damages.
This means that the cost to repair both cars will be covered as it is less than $50,000:
= 10,000 + 15,000
= $25,000
There will be no additional damages.
The amount you will pay personally will be the $500 deductible which means that insurance will pay:
= 25,000 - 500
= $24,500
