quiz\nquestion 3 of 6\nanthony caused a minor accident when he hit another car. anthonys insurance company…
quiz\nquestion 3 of 6\nanthony caused a minor accident when he hit another car. anthonys insurance company said that he needed to pay $500 before they could pay the claim. what does the $500 most likely refer to in this insurance policy?\nselect a response.\nhis comprehensive insurance\nhis homeowners insurance\nhis health care copay\nhis auto insurance deductible
Answer
Brief Explanations:
In an auto - insurance policy, a deductible is the amount the policyholder must pay out - of - pocket before the insurance company starts paying a claim. Here, Anthony has to pay $500 before the insurance company pays for the car accident claim, which is characteristic of a deductible. Comprehensive insurance covers non - collision events, homeowners insurance is for property, and health care copay is for medical services.
Answer:
D. His auto insurance deductible