Business, 15.04.2021 19:00 gbeltran2302

7. Assume this policy has a deductible of $1,000 and a coverage limit of $15,000. If there are personal property losses of $7,000 for a covered event, which best describes how much both parties pay?
a. Insured person pays $0; insurance company pays $7,000
b. Insured person pays $1,000; insurance company pays $6,000
C. Insured person pays $1,000; insurance company pays $7,000
d. Insured person pays $1,000; insurance company pays $15,000

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7. Assume this policy has a deductible of $1,000 and a coverage limit of $15,000. If there are perso...

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