Multiple Choice
John has an auto which is covered for collision losses subject to a $250 deductible.Kate's auto also has collision coverage but her deductible is $500.Which of the following statements describes how a $2,000 collision loss will be paid if it occurs when John borrows Kate's car because his car is in the shop for repairs?
A) John's policy will pay $1,500,and Kate's policy will pay nothing.
B) John's policy will pay $1,750,and Kate's policy will pay nothing.
C) Kate's policy will pay $1,750,and John's policy will pay nothing.
D) Kate's policy will pay $1,500,and John's policy will pay $250.
Correct Answer:
Verified
Correct Answer:
Verified
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