Asked by Norberto Esquer on May 07, 2024

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Drivers Harris and Stein live in a state having no-fault auto insurance. Stein causes an accident by hitting Harris's car. Stein is not hurt. Harris spends three days in the hospital at a cost of $5,300. Compute the amount each driver's insurance company pays toward medical expenses.​

No-fault Insurance

An insurance policy where each party's insurance company pays for their own losses, regardless of who was at fault in the incident.

  • Acquire insight into the nature of no-fault auto insurance and its repercussions on claims and financial settlements.
  • Gauge the financial repercussion of insurance claims, reflecting on deductibles, premiums, and coverage parameters.
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JC
jonathan capocciMay 13, 2024
Final Answer :
Harris's company: $5,300; Stein's company: $0