Question: Roberta files a claim for a small fire in her house that damaged the kitchen. The estimate from the insurance company's adjuster is that it

Roberta files a claim for a small fire in her house that damaged the kitchen. The estimate from the insurance company's adjuster is that it will cost $30,000 to repair. Roberta's policy contains a deductible of $2,000 and an annual premium of $1,850. How much will the insurance company give to Roberta to complete the repair work on her kitchen?
Group of answer choices
$28,000.00
$28,150.00
$30,000.00
$32,000.00

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!