Question

Charlie has been in an automobile accident. No one was injured, but his car is pretty banged up. The damage to his car is estimated to be $2,500. His insurance will cover everything after he pays his $500 deductible. In the short term, Charlie's accident will end up costing him

Answer 1

B. 500

Step-by-step explanation:

Answer 2

$500

Step-by-step explanation:

An insurance deductible refers to a pre-defined amount of money that the policy holder must pay the insurance provider before they pay any expenses. Therefore after paying the $500 deductible the insurance provider in this scenario has agreed to cover all of the costs associated with this automobile accident. Thus Charlie's accident will only end up costing him $500.