Dameion has a collision that is his fault. The ACV of his vehicle is $13,922. To repair the damages caused in the accident,it will cost $15,722. What will the insurer likely pay Dameion under his COLLISION coverage,assuming his deductible is $500?
A)$0
B)$13,422
C)$13,922
D)$15,722
E)$15,222

Question

Quizplus · Accepted Answer

The insurer will pay the actual cash value (ACV) of the vehicle minus the deductible, which is $13,922 - $500 = $13,422.

Dameion Has a Collision That Is His Fault