If you have a $2,000 claim resulting from a fire in your home and your policy stipulates that your deductible is $500, then the insurance company will pay you

Name: If you have a $2,000 claim resulting from a fire in your home and your policy stipulates that your deductible is $500, then the insurance company will pay you
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The insurance company will pay the total amount of the claim minus the deductible, which in this case is $2,000 - $500 = $1,500. Therefore, the correct answer is B.

If You Have a $2,000 Claim Resulting from a Fire