Question

The van used in delivery of all your companies manufactured parts was involved in a collision causing $10,952.00 in damages to the van. If your policy states a $500. deduction, how much will you receive from the insurance claim?

Answer 1

There is no special rule about the insurance policy is mentioned so we will use only given data to calculate the answer.

Loss due to collision = $10,952.00

deduction due to ploicy = $500

Remaining value after deduction = $10,952.00-$500 = $10,452.00

Hence you will recieve $10,452.00 from insurance claim.