Answer:
The answer is $17,000
Explanation:
From the question given, we recall the following:
Bill vehicle suffered damages of =$17,500
The truck book value is = $40,000
Bill carried collision insurance with a = $500
Then,
The Amount to be reimbursed = Damages-Deductible amount
17,500-500 = $17,000
Therefore, the amount bill we be reimbursed by his policy is $17,000
Answer:
$17,000.
Explanation:
With a $500 deductible, the insurance company will pay the cost of repairs minus the deductible ie, 17,500 - 500 = $17,000.
The insurance will pay $17,000.
