Maryanne has chosen a homeowner's insurance policy with a low premium that meets her financial needs. Her home was broken into, and $5,000 worth of possessions were stolen. If her deductible is $3,000 and she did not have an alarm system. How much will her insurance company pay for the loss?

Question

Quizplus · Accepted Answer

The insurance company will pay the amount of the loss minus the deductible. Since the loss is $5,000 and the deductible is $3,000, the insurance company will pay $2,000.

Maryanne Has Chosen a Homeowner's Insurance Policy with a Low