William pays his $500 premium every 6 months for automobile insurance with collision coverage. his deductible is $750. william caused a minor accident that resulted in $700 of damages to his car and $1,100 of damages to the other car. william's car looks and drives fine and he chooses not to file a claim to repair his car. how much will william pay out-of-pocket to have the other car fixed?

ANSWER: $0

EXPLANATION: William has already paid $500 premium for his automobile insurance and it covers collision coverage. It is mandatory for US states to have third party liability as basic option while taking an automobile insurance. Hence, the insurance company will pay the damages for the other car and as well as for the damages that has happened to William's car. William need not spend any amount out-of-pocket to have the other car fixed as it covered under third party liability of the insurance.

1. c

2. b

3. a

4. c

5. a

6. b

7. c

8. c

9.b

10. d

just took it 100%