Answer:
$300
Explanation:
Deductible referred to as the amount paid from one's pocket to join the amount of one's loss, while the insurance company balance up the remaining.
The loss which is $800 is a little bit more than deductibles.
Damage=$800
Deductibles=$500
The damages is just $300 more than deductibles.
As stated in the question there is a collision and comprehensive insurance for the driver , therefore the driver will pay $500 from his own pocket.
THE PORTION OF CLAIM THE INSURANCE COMPANY PAY =($800-$500)=$300
$300 will only be received from the company.
In Higher deductibles the premium insurance is reduced in cost.
In lower deductibles there is higher premium but with the cost from one's pocket is low.
Deductible has influence on
one's claim.
Comprehensive insurance is one of automobile insurance,it covers damages or event that occurs to a car that is out of one's control.It covers for replacement or repairment of one's car if damaged by something or to repair bit, other a collision.
Comprehensive insurance can cover up for
theft ,natural disasters or from fire incident.
