Question
Problem 8-5 Determining the Claim Amount (with Deductibles) [LO3] For each of the following situations, what amount would the insurance company pay? a. Wind damage
Problem 8-5 Determining the Claim Amount (with Deductibles) [LO3] For each of the following situations, what amount would the insurance company pay? a. Wind damage of $2,425; the insured has a $1,350 deductible. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Amount paid $ b. Theft of an entertainment system worth $3,150; the insured has a $2,700 deductible. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Amount paid $ c. Vandalism that does $464 of damage to a home; the insured has a $550 deductible. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) Amount paid $
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