Many insurance policies carry a deductible provision that states how much a claim a person must pay out-of-pocket before the insurance company pays the remaining of the expenses. For example if someone files a claim for $350 on a policy with a $200 deductible, here she will pay $200 and the insurance company pays $150. In the fall in cases, determine how much a person would pay with and without an insurance policy.

A) A person has a car insurance policy with a $700 deductible provision per claim for collisions. During a two-year period, the person files a claim for $480 and $875. The annual premium for the policy is $550.

with the insurance policy, the person would pay $____. Without the insurance policy the person would pay $______

Many insurance policies carry a deductible provision that states how much of a claim a person must pay out of pocket before the insura with a $200 deductible, he or she pays $200 and the insurance company pays $150. In the following cases, determine how much a pers a. A person has a car insurance policy with a $700 deductible provision (per claim) for collisions. During a two-year period, the person fil With the insurance policy, the person would pay $. Without the insurance policy, the person would pay $ (Type whole numbers.) laim a person must pay out of pocket before the insurance company pays the remaining of the expenses. For example, if someone files a claim for $350 on a policy 150. In the following cases, determine how much a person would pay with and without an insurance policy, Complete parts (6) through (d) below. m) for collisions. During a two-year period, the person files claims for $480 and $875. The annual premium for the policy is $550. wicy, the person would pay $