5. Determining the Claim Amount (with Deductibles). For each of the following situations, what amount would the

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5. Determining the Claim Amount (with Deductibles). For each of the following situations, what amount would the insurance company pay? (Obj. 3)

a. Wind damage of $835; the insured has a $500 deductible.

b. Theft of a stereo system worth $1,300; the insured has a $250 deductible.

c. Vandalism that does $425 of damage to a home; the insured has a $500 deductible.

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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