You have an insurance policy with a $300 premium and a $500 deductible. how much should you expect to pay the insurance company each month for coverage? everfli module 7

$300 is the correct answer. The premium is the amount that you pay to an insurance company every month for them to provide you with insurance. The deductible, on the other hand, is the amount that the person paying for the insurance has to pay when they make a claim if they want the insurance company to pay out. Having a deductible makes premiums lower as it reduces the chance of people making smaller claims, and therefore reduces the insurance company's spending.

E? pretty sure let me know the answer