For each of the following situations, what amount would the insurance company pa

Question

For each of the following situations, what amount would the insurance company pay? (Leave no cells blank - be certain to enter "0" wherever required.)

  

  

  

  

  

  

For each of the following situations, what amount would the insurance company pay? (Leave no cells blank - be certain to enter "0" wherever required.)

For each of the following situations, what amount would the insurance company pay? (Leave no cells blank be certain to enter "O" wherever required.) a. Wind damage of $2,500; the insured has a $500 deductible. Insurance payment b. Theft of a stereo system worth $2,900; the insured has a $500 deductible. Insurance payment c. Vandalism that does $625 of damage to a home; the insured has a $500 deductible. Insurance payment

Explanation / Answer

a.Insurance payment=2500-500 =2000

b.Insurance payment=2900-500=2400

c.Insurance payment=625-500=125

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