If you have a $5000 deductible and a fire causes $110,000 damage, how much will homeowner's insurance cover? 

 Jason's car was damaged due to a storm making a tree limb fall on top of his car. He has a $500 deductible and there was $1800 worth of damage on his car. how much will the insurance company end up paying? 

Carly's house was damaged in a fire. $75,000 worth of damage occurred. Her Homeowner's  insurance has a $35000 deductible. How much money is the insurance company going to pay? 

Mr. Marroquin had a surgery that cost $35,000. His medical insurance has a deductible of $2500. He also has an 80/20 coinsurance (Mr. Marroquin 20%, Insurance company 80%). How much will Mr. Marroquin have to pay? 

Sickly Sam incurred $350,000 in medical procedures last year. He has a $3000 deductible and has to pay a 20% coinsurance. There is an out-of-pocket maximum of $200,000. How much of the medical costs did Sickly Sam have to pay? 

Answer rating: 100% (QA)

To calculate the amounts covered by insurance and the amounts individuals have to pay well go throug... View the full answer