Personal Auto PolicyCâu 407 / 474
In one policy year an insured has a $2,000 hail loss and, four months later, a $3,000 collision loss. Deductibles are $250 other than collision and $500 collision. The insurer pays in total:
a.$4,500, applying the $250 deductible to both losses
b.$4,250, applying each coverage's own deductible once
c.$4,750, since the second loss carries no deductible
d.$4,000, applying the $500 deductible to both losses
Giải thích
Collision and other than collision are separate coverages with separate deductibles, and each loss is settled on its own. Hail is other than collision: $2,000 - $250 = $1,750. The collision loss pays $3,000 - $500 = $2,500, for $4,250 in all. Applying one deductible to both losses ignores which coverage each cause of loss falls under.
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