Question

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 $800 of damages to his car and $1,100 of damages to the other car. How much will William pay out-of-pocker to have both cars fixed?

Answer 1

william pay out of pocker to have cars fixed is $750 

Answer 2

I believe the answer is: $750

Deductibles refers to the amount of money that an insured have to take out from their pocket before insurance provider would pay any expenses.
The deductibles payment usually used to cover service-related cost such as mechanics' salary.