Question $40(1$ point$)$

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You are in an accident which causes $$3000$ in damages to your car, and your policy has a $$500$ deductible for collision and $$300$ for comprehensive. If the other driver is at fault, which is correct?

Question $40$ options:

You pay $$300$ deductible and claim it from the other driver's insurance company.

You pay $$500$ deductible and claim it from the other driver's insurance company.

You have to pay the deductible and can claim it back if you have an umbrella policy.

Your insurance company covers the deductible.