jojocottrel04
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Shane has $15,000 property damage insurance and $4,000 comprehensive and collision insurance with a $500 deductible. He slides on ice and hits a parked car, causing $8,500 worth of damage. The accident causes $6,750 of damage to his own car. How much will the insurance pay to fix both cars?

Respuesta :

abiolataiwo2015

If the accident causes $6,750 of damage to his own car. The amount that the insurance company will pay to fix both cars is $14,750.

Insurance coverage

Using this formula

Insurance coverage=Total cost of damages-Deductible

Where:

Total cost of damages=($8,500+$6,750)

Deductible=$500

Let plug in the formula

Insurance coverage=($8,500+$6,750)-$500

Insurance coverage=$15,250-$500

Insurance coverage=$14,750

Therefore the amount that the insurance company will pay to fix both cars is $14,750.

Learn more about insurance coverage here:https://brainly.com/question/11776206

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