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andres car suffered damage in a minor accident. the collision coverage …

Question

andres car suffered damage in a minor accident. the collision coverage on the car has a $750 deductible and a limit of $8,000. the repair costs are estimated at $7,000. how much will andres insurance cover?

Explanation:

Step1: Understand the insurance coverage concept

Insurance coverage = Repair cost - Deductible.

Step2: Substitute the values

Given repair cost is $7000 and deductible is $750.
So, insurance coverage = $7000 - $750.

Step3: Calculate the result

$7000 - $750 = $6250.

Answer:

$6250