Question

Leslie has comprehensive insurance with a $500 deductible on her van. On Halloween her van is vandalized, and the damages total $1,766. Leslie submits a claim to her

insurance company.
a. How much must Leslie pay for the repair?
b. How much must the insurance company pay?

Answer 1

a. Leslie must pay the first $500 of the repair costs, as that is her comprehensive insurance policy's deductible.

b. The insurance company must pay the remaining $1,266 of the repair costs, as that is the total cost of the repairs ($1,766) minus Leslie's portion of the cost (the $500 deductible).