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You Purchase $250,000 Worth of Insurance to Protect Your Restaurant

Question 21

Multiple Choice

You purchase $250,000 worth of insurance to protect your restaurant with a $10,000 deductible. How much money are you entitled to receive as a payout if a fire destroys your store which is valued at $250,000?


A) $240,000
B) $10,000
C) $250,000
D) $240,000 less co-payment

Correct Answer:

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