Under the terms of Jenny's auto insurance policy,she must pay the first $500 of any physical damage loss to her vehicle before her insurer will pay anything.What type of deductible is included in Jenny's auto insurance policy?
A)calendar-year deductible
B)corridor deductible
C)straight deductible
D)aggregate deductible

Question

Quizplus · Accepted Answer

A straight deductible is a fixed dollar amount that the policyholder is responsible for paying before their insurance coverage starts paying out. In this case, Jenny must pay the first $500 of any physical damage loss to her vehicle before her insurer will pay anything, which is a straight deductible.

Under the Terms of Jenny's Auto Insurance Policy,she Must Pay