Nathan has a $400 deductible on the collision coverage part of his auto policy.He recently had a minor accident with damages to his automobile costing $380 dollars.To take advantage of his deductible, Nathan inflated his costs and argued with his insurer that the total damage incurred was $400.Identify the type of deductible in Nathan's policy.
A) Vanishing deductible
B) Waived deductible
C) Disappearing deductible
D) Straight deductible
E) Franchise deductible
Correct Answer:
Verified
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