Answer:
The insurance company will pay $350 to get the car repaired.
Explanation:
Insurance is as a business arrangement between the insured and the insurer, whereby the insurer, usually a company or the state, agrees to provide some guaranteed compensations for some specific losses upon the payment of some specified premiums by the insured. The insured is the person taking up the insurance policy, while the insurer is the company guaranteeing the compensation for the insured risk. It offers protection to the insured to restore the person to the former position before the occurrence of the risk.
