Question

question 1 of 6
anthony caused a minor accident when he hit another car. anthony’s insurance company said that he needed to pay $500 before they could pay to claim. what does the $500 most likely refer to in this insurance policy?
select a response.
○ his comprehensive insurance
○ his homeowner’s insurance
○ his health care copay
○ his auto insurance deductible

Explanation:

In auto insurance, a deductible is the amount the policyholder must pay out - of - pocket before the insurance company starts to cover the claim. Since Anthony was in a car accident and his insurance company said he needed to pay $500 before they would pay the claim, this $500 is most likely his auto insurance deductible. Comprehensive insurance is for non - collision damage, the homeowner's insurance is for home - related issues, and a health care copay is for medical services, so they are not relevant here.

Answer:

D. His auto insurance deductible