Question

calculating insurance coverage after deductible
keegans home suffered some damage, and he filed a home insurance claim. the estimated cost to repair the damage is $8,000. keegans insurance policy has a deductible of $1,500.
how much will keegans insurance cover for this claim?
$6,500 $8,000 $9,500 $1,500

Explanation:

Step1: Understand Insurance Coverage

Insurance coverage after deductible is calculated by subtracting the deductible from the total repair cost. The formula is: Coverage = Total Cost - Deductible.

Step2: Plug in the Values

Total repair cost is $8,000, and the deductible is $1,500. So, Coverage = $8,000 - $1,500 = $6,500.

Answer:

$6,500