Question

Belinda's GPS system worth $400 was stolen out of her car. If Belinda's insurance policy summary is given below, how much will Belinda receive from her insurance company when she files her claim?

Summary
Comprehensive Deductible: $375
Collision Deductible: $550
Premium of $625 for 4 months

Answer 1

Belinda will get $25 from her insurance company when she files her claim.

Explanation:

Comprehensive insurance covers your car from damage from fire, theft or falling objects like trees etc.

To get the claim, the company will check the worth of the GPS system in the market minus the deductible amount.

So, the cost of GPS system was $400. And comprehensive deductible is $375.

So, Belinda will receive
`400-375=25` dollars

The answer is: Belinda will get $25 from her insurance company when she files her claim.