If You Have a $500 Deductible on the Collision Coverage

question 13

Multiple Choice

If you have a $500 deductible on the collision coverage part of your auto policy, you pay the total amount of any loss that does not exceed $500.In addition, you pay $500 of every loss in excess of that amount.If you have a loss of $1,500, therefore, you pay $500 and the insurer pays $1,000.Identify this type of deductible.

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

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Definitions:

Inferiority Complex

A psychological condition that arises from feelings of inadequacy and insecurity, often leading to overcompensation or social withdrawal.

Achievement

The successful attainment of goals, tasks, or challenges, often recognized by awards, honors, or a sense of personal fulfillment.

Adult Personality

encompasses the enduring patterns of thoughts, feelings, and behaviors that define an individual and distinguish them from others in adulthood.

Childhood

The period of life from birth to adolescence, characterized by growth, development, and learning.