Question

John hit his neighbor's fence while backing his vehicle out and caused $500 worth of damage. the insurance company paid for $100 of the damage while john had to pay the remaining $400. the amount john paid was his _____.

Answer 1

deductable

Step-by-step explanation:

Answer 2

The answer that would best complete the given statement above would be the term "DEDUCTIBLE". Based on the given scenario above, the cost of the damage is $500 and only $100 is being paid by the insurance company. The $400 is paid by John, and this amount is called the deductible. This is the amount that is not covered by the insurance provider. Hope this answer helps.