if you have an automobile policy with a $500 deductible on collision, that $500 is:\na. liability…

Brief Explanations:

A deductible is the amount an insured pays out - of - pocket before the insurance company starts to pay. In the case of a $500 collision deductible, the insured is self - insuring for the first $500 of a collision loss. Liability insurance covers damage you cause to others, comprehensive insurance covers non - collision events like theft or vandalism, and collision insurance is the coverage for damage to your vehicle in a collision. The $500 deductible is the part the policyholder is responsible for, which is a form of self - insurance.

Answer:

B. Self - insurance