QuestionJune 4, 2025

Scenario 1 You swerve into the next lane and scratch another person's car. The total damages to their car are 1,500 According to the insurance coverage you chose, how much will insurance pay for and how much will you pay for?

Scenario 1 You swerve into the next lane and scratch another person's car. The total damages to their car are 1,500 According to the insurance coverage you chose, how much will insurance pay for and how much will you pay for?
Scenario 1
You swerve into the next lane and scratch another
person's car. The total damages to their car are
 1,500 According to the insurance coverage you
chose, how much will insurance pay for and how
much will you pay for?

Solution
4.2(307 votes)

Answer

Insurance pays 1500 - \text{deductible}, and you pay \text{deductible}. Explanation 1. Determine Deductible Identify the deductible amount from your insurance policy. This is the amount you pay out-of-pocket before insurance covers the rest. 2. Calculate Insurance Payment Subtract the deductible from the total damages (1500). If the deductible is less than 1500, insurance pays the remaining amount. 3. Calculate Your Payment You pay the deductible amount. If the deductible is equal to or greater than 1500, you pay the entire amount.

Explanation

1. Determine Deductible<br /> Identify the deductible amount from your insurance policy. This is the amount you pay out-of-pocket before insurance covers the rest.<br /><br />2. Calculate Insurance Payment<br /> Subtract the deductible from the total damages ($1500). If the deductible is less than $1500, insurance pays the remaining amount.<br /><br />3. Calculate Your Payment<br /> You pay the deductible amount. If the deductible is equal to or greater than $1500, you pay the entire amount.
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