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Empire Corp. Inc. has a $1,000,000 commercial insurance policy with a $25,000 deductible. On September 20th, a fire occurred and caused damages of $30,000. Two
Empire Corp. Inc. has a $1,000,000 commercial insurance policy with a $25,000 deductible. On September 20th, a fire occurred and caused damages of $30,000. Two weeks later, a flood occurred and caused another $20,000 in damages. How much will Empire Corp. collect from its insurance company if it has a straight deductible? Question 6 options: $50,000 $30,000 $25,000 $5,000
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