Personal Auto PolicyPregunta 406 de 474
Repairing the insured's car after an at-fault collision would cost $9,400, but the car's actual cash value is $8,000. With a $500 collision deductible, the insurer pays:
a.$8,000, the value of the car with no deductible taken
b.$7,500, the actual cash value less the deductible
c.$9,400, since the repair estimate sets the amount owed
d.$8,900, the repair estimate less the deductible amount
Explicación
Part D pays the lesser of the auto's actual cash value or the cost to repair or replace it with like kind and quality, so the $8,000 value caps this loss: $8,000 - $500 = $7,500. Paying the $9,400 estimate less the deductible would hand the insured more than the car was worth and breach indemnity. The deductible still comes off a total loss.
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