Question

after an accident, jelani files a claim for vehicle damage under the collision coverage, which has a policy limit of $10,000 and a deductible of $1,000. the total damage to the vehicle is assessed at $9,236. what amount will the insurance company pay? $8,236 $764 $9,000 $10,236

Explanation:

Step1: Subtract the deductible from the total damage

The total damage is $9,236 and the deductible is $1,000.
$$9236 - 1000$$

Step2: Compare with the policy limit

Since $9236-1000 = 8236$ and $8236<10000$ (policy limit).

Answer:

$8,236$