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2) Steve lives in Quebec. He just bought a used car for $8,000. As he is 23 years old, the cost of his car insurance
2) Steve lives in Quebec. He just bought a used car for $8,000. As he is 23 years old, the cost of his car insurance is high despite him shopping around. Just five days after buying the car and securing the car insurance, he had a car accident. No one was hurt but the damages to his car were $3,000! The other car had $15,000 in damages as it was a new Mercedes. Steves car insurance policy has a deductible of $1,000 for collision and $500 for comprehensive. The insurance company concluded that Steve was not at fault. Which statement is correct? a) With no-fault insurance both are still responsible and must split the deductible 50:50. b) With no-fault insurance, Steve must pay a $1,000 deductible and claim it back from the other insurance company. c) With no-fault insurance, Steve must pay a $500 deductible and claim it back from the other insurance company. d) As Steve is not responsible for the accident, he does not have to pay a deductible. e) As Quebec has no-fault insurance, both Steve and the other driver are not at fault and neither have a deductible to pay
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