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

Name: Your home insurance policy has a $500 deductible. If a windstorm causes $2,000 damage to your home, what amount of the claim would the insurance company pay?
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

The insurance company would pay for the damage amount above the deductible, which is $1,500 ($2,000 - $500). Therefore, the correct answer is option C.

Your Home Insurance Policy Has a $500 Deductible