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Nate has a deductible of $1,000 and a collision coverage limit of $5,000. He damages his car in an accident and it will cost $7,000

Nate has a deductible of $1,000 and a collision coverage limit of $5,000. He damages his car in an accident and it will cost $7,000 to repair. How much does Nate have to pay total out of pocket for this claim

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