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11 May, 13:37

Your home insurance policy has a $500 deductible. If a small fire causes $1200 damage to your home, what amount of the claim would the insurance company pay?

A. $500

B. $700

C. $1200

D. $1700

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Answers (1)
  1. 11 May, 14:25
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    A deductible is what you are required to pay from the cost. So if there's 1200 damage, you will pay 500 of that.

    1200-500 = 700 (B) is what the insurance will pay.
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