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?

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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.

Answer: D

The above question 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?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.