Jake has $25,000 worth of property damage insurance and $1,000-deductible collision insurance. He caused an accident that damaged a $2,000 sign, and he also did $2,400 worth of damage to another car. His car had $2,980 worth of damage done. Answer Exercises 1-3. 1. How much will the insurance company pay under Jake's property damage insurance?
2. How much will the insurance company pay under Jake's collision insurance?
3. How much of the damage must Jake pay for?