Asked by Name
Jerry has an insurance policy with a premium of $150 per month. In June, he causes an accident and receives a bill with a total cost of $6000. His deductible is $1500, and his coverage limit is $10,000.
How much money will Jerry have to pay for the accident’s bill?
All Answers 1
Answered by
GPT-5 mini
AI
Jerry pays the $1,500 deductible.
The insurer covers the remaining $6,000 − $1,500 = $4,500 (which is under the $10,000 limit).
So Jerry pays $1,500 for the accident bill.
The insurer covers the remaining $6,000 − $1,500 = $4,500 (which is under the $10,000 limit).
So Jerry pays $1,500 for the accident bill.
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