Economics will give brainly
If an insurance policy covers individual losses up to $2,000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2,500?
Group of answer choices

$2,500

$500

$1,800

$2,300

$2,000

Question

06-04-2022
Social Studies

Answered

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Economics will give brainly
If an insurance policy covers individual losses up to $2,000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2,500?
Group of answer choices

$2,500

$500

$1,800

$2,300

$2,000

Sagot :

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Tundexi Tundexi · Answer 1 · 2022-04-19T06:07:41-04:00

Because the deductible is $200, the policyholder will pays $200 and the insurance will pay the rest of $2,300.

What is a deductible?

This means the amount that a policyholder will pay for covered a loss before your insurance plan starts to pay.

Hence, as the deductible is $200, then, the insurance will only pay the rest of $2,300 after the policyholder pays $200.

Therefore, the Option D is correct.

Economics will give brainly If an insurance policy covers individual losses up to $2,000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2,500? Group of answer choices $2,500 $500 $1,800 $2,300 $2,000

Sagot :

What is a deductible?

Other Questions

Economics will give brainly
If an insurance policy covers individual losses up to $2,000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2,500?
Group of answer choices

$2,500

$500

$1,800

$2,300

$2,000