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:

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The expression or ability to express thoughts and feelings by articulating sounds or in written form.

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The state of agreement or harmony between individuals, actions, values, or systems, often contributing to effective functioning and satisfaction.