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Mike has a hail claim on his house that results in $ 1 7 , 2 5 0 . 0 0 in damage. His insurance

Mike has a hail claim on his house that results in $17,250.00 in damage. His insurance policy states that the ACV portion will be paid up front with the recoverable depreciation paid at that time the repairs have been completed. His deductible is 1% of his dwelling limits of liability of $250,000.00. He has a 30 year shigle and it is current 15 years old. What payment can mike expect initially?
$7650.00/ $2500.00/ $8625.00/ $7375.00

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