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Saheel has $20,000 property damage insurance and $5,000 comprehensive and collision insurance with a $500 deductible. One evening he slides on a patch of ice and hits a parked car, causing $4,500 worth of damage. The accident causes $1,750 of damage to his own car. How much will the insurance pay to fix both cars?

Respuesta :

Answer:

$5750

Step-by-step explanation:

Property damage insurance = $20,000

Comprehensive insurance = $5,000

Deductible = $500

Amount of Property damage caused by him by hitting a parked car = $4,500

Amount of Damage caused to his own car = $1,750

Since, the property damage of $4500 is within the property damage insurance limit of $20,000 and own damage of $1,750 is also within the comprehensive insurance limit of $5000, he'll be paid the entire amount excluding the compulsory deductible of $500.

So,

The amount paid by the insurance company to fix both cars = 4500+1750 - 500

= 6250 - 500

= $5750

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