Chapter 1: Q 179. (page 40)

Car insurance Justin’s car insurance has a $750 deductible per incident. This means that he pays $750 and his insurance company will pay all costs beyond $750. If Justin files a claim for $2,100.
(a) how much will he pay?
(b) how much will his insurance company pay?

Short Answer

Expert verified

(a) Justin will pay $750.

(b) Insurance company will pay $1350.

Step by step solution

Part (a) Step 1. Given information

The statement is: Justin’s car insurance has a $750 deductible per incident.

"he pays $750 and his insurance company will pay all costs beyond $750" which means Justin will pay $750.

Part (b) Step 1. Deduct the amount Justin pays from the claim amount.

From the claim amount, deducting the amount Justin paid gives the amount the insurance company will pay:

$$ (2100 - 750) = $ 1350$

Thus, the insurance company will pay $1350.

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Car insurance Justin’s car insurance has a \(750 deductible per incident. This means that he pays \)750 and his insurance company will pay all costs beyond \(750. If Justin files a claim for \)2,100.
(a) how much will he pay?
(b) how much will his insurance company pay?

Short Answer

Step by step solution

Part (a) Step 1. Given information

Part (b) Step 1. Deduct the amount Justin pays from the claim amount.

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Car insurance Justin’s car insurance has a \(750 deductible per incident. This means that he pays \)750 and his insurance company will pay all costs beyond \(750. If Justin files a claim for \)2,100.(a) how much will he pay?(b) how much will his insurance company pay?

Short Answer

Step by step solution

Part (a) Step 1. Given information

Part (b) Step 1. Deduct the amount Justin pays from the claim amount.

One App. One Place for Learning.

Most popular questions from this chapter

Recommended explanations on Math Textbooks

Mechanics Maths

Statistics

Calculus

Logic and Functions

Probability and Statistics

Discrete Mathematics

Study anywhere. Anytime. Across all devices.

Car insurance Justin’s car insurance has a \(750 deductible per incident. This means that he pays \)750 and his insurance company will pay all costs beyond \(750. If Justin files a claim for \)2,100.
(a) how much will he pay?
(b) how much will his insurance company pay?