Your home insurance policy has a $1,000 deductible.If a windstorm causes $2,500 damage to your home,what amount of the claim would the insurance company pay?

Name: Your home insurance policy has a $1,000 deductible.If a windstorm causes $2,500 damage to your home,what amount of the claim would the insurance company pay?
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Question

Quizplus · Accepted Answer

The insurance company would pay $1,500 because you must first pay the $1,000 deductible, and the insurance covers the remaining $1,500 of the $2,500 damage.

Your Home Insurance Policy Has a $1,000 Deductible