An Automobile Covered Under a Policy with a $500 Collision

question 66

Multiple Choice

An automobile covered under a policy with a $500 collision deductible is damaged in a collision with a fence.It could be repaired for $15,000,replacement cost is $25,000,and the depreciation and physical condition deduction is $5,000.How much will the insurance company pay?

• A)$24,500
• B)$7,500
• C)$15,000
• D)$14,500
• E)Some other amount

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Definitions:

Caffeine Dependency

A condition defined by a compulsive need for caffeine to achieve alertness or avoid withdrawal symptoms, reflecting a physical or psychological reliance.

Caffeine Withdrawal

Symptoms that occur after sudden cessation of caffeine consumption, including headache, fatigue, and irritability.

Prescription Drug

Medications that are legally dispensed only with a written or electronic order from a healthcare professional.

Short-Term Drowsiness

A temporary state of feeling sleepy or lethargic, often lasting for a brief period.