There are two insurance options that you are considering: Plan A's premium is $1,800 per year with a $250 deductible.

Plan B's premium is $840 per year with a $1,000 deductible. If you had a $2,000 claim for damage against your insurance policy, which plan

will save you the most in out-of-pocket expense?

Question

Javier Haas

Business

15 September, 11:22

There are two insurance options that you are considering: Plan A's premium is $1,800 per year with a $250 deductible.

Plan B's premium is $840 per year with a $1,000 deductible. If you had a $2,000 claim for damage against your insurance policy, which plan

will save you the most in out-of-pocket expense?

+3

Answers (1)

Know the Answer?

Landry · Answer 1

Plan A

Explanation:

The deductible is what you pay out of pocket by the policy holder so you would have to pay more a year for insurance but less for a deductible.