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If an insurance policy covers individual losses up to $2000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2500

A. $2,300

B. $2,000

C. $1,800

D. $2,500


Sagot :

The amount that the insured will be paid in the event of a covered loss of $2500 is: C $1,800.

Insurance policy

Using this formula

Amount=Amount covered -Deductible

Let plug in the formula

Amount=$2,000-$200

Amount=$1,800

Therefore the correct option is C.

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