Q1: Sam has been in an accident, and his insurance company agrees to pay for his repairs. The charge from the auto body shop is $4,200.00, and Sam's insurance policy has a $500 deductible. How much will the insurance company pay for the repairs? *
1 point
A. $500.00
B. $3,700
C. $4,200
D. $4,700

Question

Q1: Sam has been in an accident, and his insurance company agrees to pay for his repairs. The charge from the auto body shop is $4,200.00, and Sam's insurance policy has a $500 deductible. How much will the insurance company pay for the repairs? *
1 point
A. $500.00
B. $3,700
C. $4,200
D. $4,700

maddielb · Answer

Well if the insurance company agrees to pay for the repairs but has a $500 deductible then you would take $500 away from $4,200 and the insurance would pay that. So they would be paying $3,700