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Bill borrowed Linda’s car with her permission. Both Bill and Linda have automobile liability insurance with a $100,000 liability limit. While driving Linda’s car, Bill negligently caused an accident. The accident victim was awarded $80,000 in damages. How will this claim be settled, assuming that the policy written by Linda’s insurer is primary and Bill’s insurance coverage is excess?
a.Each insurer will pay $40,000 to settle the claim.
b.Linda’s insurer will pay the entire $80,000 claim.
c.Bill’s insurer will pay the entire $80,000 claim
d.Neither insurer is liable as duplication of insurance voids coverage.
Answer: B
The above question Bill borrowed Linda’s car with her permission. Both Bill and Linda have automobile liability insurance with a $100,000 liability limit. While driving Linda’s car, Bill negligently caused an accident. The accident victim was awarded $80,000 in damages. How will this claim be settled, assuming that the policy written by Linda’s insurer is primary and Bill’s insurance coverage is excess?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
