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14 June, 18:04

Johann maintains a$75,000 insurance policy on his boat. He pays $50 per month in premium and his deductible is $2,500 if he is involved in a accident and make a claim of 15,000 on the policy, how much will his insurance company pay?

A. $2,500

B.$12,500

C.$15,000

D.$17,500

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  1. 14 June, 18:24
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    1) Cover = $75,000

    2) Claim = 15,000

    => the claim is covered

    3) deductivle = $2,500

    => payment = cover minus deductible = $ 15,000 - $ 2,500 = $12,500

    Answer: option B. $12,500
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