If you cause an accident resulting in $2000 damage to your car and have collision coverage with $500 deductible,which of the following statements is true?

Name: If you cause an accident resulting in $2000 damage to your car and have collision coverage with $500 deductible,which of the following statements is true?
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Question

Quizplus · Accepted Answer

With a $500 deductible, you are responsible for paying the first $500 of the damage. Therefore, your insurance company will pay the remaining $1500 to cover the $2000 total damage.

If You Cause an Accident Resulting in $2000 Damage to Your