If an insurance policy covers individual losses up to $10,000 and has a deductible of $500,...

 

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If an insurance policy covers individual losses up to $10,000 and has a deductible of $500, the insured will be paid how much in the event of a covered loss of $5,000? If an insurance policy covers individual losses up to $10,000 and has a deductible of $500, the insured will be paid how much in the event of a covered loss of $5,000?

Answer rating: 100% (QA)

In this scenario the insured will be paid 4500 This is calculated ... View the full answer