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For each of the following situations, what amount would the insurance company pay? (Leave no cells blank - be certain to enter "0" wherever required.) a. Wind damage of $835; the insured has a deductible
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For each of the following situations, what amount would the insurance company pay? (Leave no cells blank - be certain to enter "0" wherever required.) a. Wind damage of $835; the insured has a deductible of $500.

User Nicola Cossu
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1 Answer

4 votes

Answer: $335

Step-by-step explanation:

The Insurance company is to pay the the net amount after the Deductible has been accounted for. If the deductible which is the amount that the person covered pays, is higher than the amount to be covered then the Insurance company pays nothing.

= 835 - 500

= $335

Insurance company pays $335.

User Findusl
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