The insurance company will pay $58,000.
Since you have a coverage of $75000 so the insurance company could cover $58000 out of it to compensate the injured person.
Insurance coverage- Insurance coverage is the amount of risk or liability that is covered by insurance services for an individual or entity. An insurer provides insurance coverage, such as auto insurance, life insurance, or more exotic forms, such as hole-in-one insurance, in the event of unforeseen events.
Most financial experts recommend four types of insurance: life, health, auto, and long-term disability.
The amount of risk, liability, or potential loss that insurance protects is referred to as insurance coverage. It assists individuals in recovering from financial losses caused by incidents such as car accidents, property damage, or unexpected health issues.
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