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

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

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

b. Theft of a home entertainment system worth $1,150; the insured has a $250 deductible.

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

LO10-3

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Personal Finance

ISBN: 9781260799736

13th Edition

Authors: Jack Kapoor

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