Samuel has an auto insurance policy that covers theft up to $15,000, with a $250 deductible. His car is worth $8,000. What will he pay out of his pocket if his vehicle is stolen? A. $250 B. $14,750 C. $15,000 D. $17,750
If the auto insurance covers theft up to $15,000 and his car value is less than it ($8,000), he is going to pay only $250 deductible. It means that it covers values until $15,000.
