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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

Verified Answer :

Edufirst

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

Answer:

B) 12,500

Step-by-step explanation:

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