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You re insured, Ron Paul owns a home on the Texas Gulf coast that was damaged by Hurricane Ike, Mr . Paul sustained $ 7

Youre insured, Ron Paul owns a home on the Texas Gulf coast that was damaged by Hurricane Ike, Mr. Paul sustained $75,000.00 worth of damage to his home. His home is insured for $500,000.00 and has a 5% deductible. Given the amount of damages what would be Mr. Pauls responsibility to the claim? $50,000.00 $3,750.00 $25,000.00 $425,000.00

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