If you have an accident resulting in $2,000 damage to your car and have $500 deductible collision coverage, which of the following statements is true?

Name: If you have an accident resulting in $2,000 damage to your car and have $500 deductible collision coverage, which of the following statements is true?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

With a $500 deductible collision coverage, you are responsible for paying the first $500 of the repair costs, and the insurance company will cover the remaining amount, which in this case is $1,500.

If You Have an Accident Resulting in $2,000 Damage to Your