Question

nadia files a claim for $50, 750. the policy for this event has a $500 deductible and covers 100% of the remaining cost up to a coverage limit of $50, 000. how much will nadia pay out of pocket? enter your answer in the box. $\square$

Explanation:

Step1: Calculate remaining after deductible

Subtract deductible from claim: \( 50750 - 500 = 50250 \)

Step2: Check coverage limit

Coverage limit is $50,000. Since $50250 > $50000, the insurance covers $50000.

Step3: Calculate out - of - pocket

Nadia pays deductible + (remaining - covered): \( 500+(50250 - 50000)=500 + 250 = 750 \)

Answer:

\( \$750 \)