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?
$9,500 $6,500 $1,500 $8,000

Explanation:

Step1: Understand the concept

Insurance coverage after deductible is calculated by subtracting the deductible from the total claim amount.

Step2: Identify values

Total claim amount (repair cost) = $8,000
Deductible = $1,500

Step3: Calculate coverage

Coverage = Total claim amount - Deductible = $8,000 - $1,500 = $6,500

Answer:

B. $6,500