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

Question

Daniela James

Mathematics

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

+4

Answers (1)

Know the Answer?

Jimmy Schwartz · Answer 1

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

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. $2,500B.$12,500C.$15,000D.$17,500

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