If You Have an Accident Resulting in $2,000 Damage to Your

question 117

Multiple Choice

If you have an accident resulting in $2,000 damage to your car and have $500 deductible collision coverage, which of the following statements is true?

• A) Your insurance company will pay $2,000.
• B) You will pay $1,500.
• C) You will pay the first $500 and your insurance company will pay $1,500.
• D) You and your insurance company will split the $2,000 damage, each paying $1,000.

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Definitions:

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Culture

The social behavior and norms found in human societies, as well as the knowledge, beliefs, arts, laws, customs, capabilities, and habits of the individuals in these groups.

Stable

Refers to a situation or condition that is not significantly changing, showing little variability, and is dependable over time.

Societal Expectations

The standards and norms that society holds for individuals and organizations, influencing their behavior and actions.