Multiple Choice
Natalie has an auto insurance policy that includes both collision and comprehensive coverage.She has a $500 deductible on her collision coverage and a $200 deductible on her comprehensive coverage.Her car has a book value of $7,000 when her car is damaged by a tornado.The car will cost $8,500 to repair.How much will Natalie's insurance company pay in this situation?
A) $6,500
B) $6,800
C) $8,000
D) $8,300
Correct Answer:
Verified
Correct Answer:
Verified
Q118: All insurance is sold and serviced through
Q119: Replacement-cost protection is an option available on
Q120: Floater policies provide named-peril protection for movable
Q121: One should assume risks that are affordable
Q122: Risk-avoidance homeowners might want to insure their
Q124: Fire,theft,illness,and accidents are all examples of<br>A)exposures<br>B)perils<br>C)hazards<br>D)losses
Q125: What is the first step in the
Q126: Theft damage is the most common peril
Q127: Meeting an 80 percent replacement-cost requirement in
Q128: You should not keep the documentation for