If Bill has the minimum auto liability coverage required in Mississippi and causes an accident resulting in $35,000 property damage and $50,000 bodily injury, how much will he pay out of pocket?

To determine how much Bill will pay out of pocket, we need to first clarify the minimum auto liability coverage required in Mississippi. As of the most recent data, Mississippi mandates a minimum coverage of $25,000 for bodily injury per person and $25,000 for property damage.

In this scenario, Bill has caused $35,000 in property damage and $50,000 in bodily injury.

For property damage, since the minimum coverage is $25,000, Bill is responsible for the excess amount. Therefore, for the property damage portion:

• Total property damage: $35,000

• Minimum coverage: $25,000

• Out of pocket: $35,000 - $25,000 = $10,000

For bodily injury, the minimum coverage also is $25,000 per person. In this case, if he caused $50,000 in bodily injuries, he will again be liable for any amount that exceeds his coverage:

• Total bodily injury: $50,000

• Minimum coverage: $25,000

• Out of pocket: $50,000 - $25,000 = $25,000

When adding the out-of-pocket amounts together, Bill will pay $10,000 for