Nathan Has a $400 Deductible on the Collision Coverage Part

question 48

Multiple Choice

Nathan has a $400 deductible on the collision coverage part of his auto policy.He recently had a minor accident with damages to his automobile costing $380 dollars.To take advantage of his deductible, Nathan inflated his costs and argued with his insurer that the total damage incurred was $400.Identify the type of deductible in Nathan's policy.

• A)Vanishing deductible
• B)Waived deductible
• C)Disappearing deductible
• D)Straight deductible
• E)Franchise deductible

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Definitions:

Economic Mission

The purpose of an organization or a project related to achieving financial sustainability and economic objectives.

Stakeholders

Parties interested or involved in a company or project, including employees, customers, investors, and the community, among others.

Ownership Stake

A share or interest in a business or property, representing a portion of the ownership that confers rights and responsibilities.

Varied Group

A collection of individuals or items that differ from each other in specific ways, often used in the context of focus groups or market segments.