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Susie backs her car into a metal fence, causing $500 of damage to her car. Susie has an auto insurance policy with a $200 deductible. To get her car fixed, how much will her auto insurance pay?

Answer :

Final answer:

To get her car fixed, Susie's auto insurance will pay $300.

Explanation:

To calculate how much Susie's auto insurance will pay, we need to find the amount of damage that exceeds the deductible. The deductible is the amount the policyholder is responsible for paying out of pocket before the insurance coverage kicks in. In this case, the deductible is $200, so Susie's insurance will pay the amount of damage that exceeds $200. Since the total damage is $500 and the deductible is $200, the amount that Susie's insurance will pay is $500 - $200 = $300.

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