Excellent detail, Christine. We have all communicated that we all have different

Question

Excellent detail, Christine. We have all communicated that we all have different insurance needs, but perhaps more to the point, that cash flow (after the requirements of the law) is the main determinant of what types of coverage we choose, and to what extent we are covered. Let's discuss deductibles. Most insurance plans, regardless of type, include a deductible which can be increased or decreased depending upon the premium we can afford. In the following situations in which we are insured with a deductible, what amount would insurance cover? a) Hail damage of $1255.00 and our deductible is $500.00. b) Theft from home of $625.00 and our deductible is $250.00. c) Vandalism of $350.00 and out deductible is $500.00.

Explanation / Answer

Insurance Cover of Haildamage = 1255-500=755 Insurance cover of Theft=625-250=375 Insurance cover of vanda=500

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.