Question

Adam was in a minor car accident. The estimate for repairs is $700, and he has a deductible for $250. How much will the insurance company send him?

$950
$450
$700
$250

Answer 1

I believe the answer is B, $450.
Hoped this helped :)

Answer 2

$450

Step-by-step explanation:

The deductible is an amount that the insured must pay to trigger the insurance. The price of the franchise varies with each contract. In some situations where car repair is simple, the deductible price may be higher than the repair price. In that case, it is not worth triggering the insurance. In Adan's case, the deductible amount is $ 250 and the repair amount is $ 700, so it is worth triggering the insurance. However, the insurer will pay the repair amount less the deductible amount. In this case, the amount to be paid by the insurer will be: $ 700 - $ 250 = $ 450