Jim Nike of Rifle, Colorado, recently had his truck slide off a gravel road and strike a tree. Jim's vehicle suffered $16,000 in damage. The truck has a book value of $25,000. Jim carried collision...

Jim Nike of Rifle, Colorado, recently had his truck slide off a gravel road and strike a tree. Jim's vehicle suffered $16,000 in damage. The truck has a book value of $25,000. Jim carried collision insurance with a $1,000 deductible. Bill will be reimbursed