Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy in a given year, how much will she pay out of pocket in premiums and deductible that year?
A: $1,000
B: $1,200
C:$2,200
D:$4,000

I would say C. $2200 because she pays $100 per month for the insurance so $100 x 12 = $1200 so that is the cost per year for the premiums. If she has a $5000 claim and has a $1000 deductible then she will have to pay the first $1000 of the $5000 so $1000 + $1200= $2200.

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CrystalKing11 CrystalKing11 · Answer 2 · 2018-12-20T15:33:58+01:00

CrystalKing11 CrystalKing11

20-12-2018

The answer is C) $2,200

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Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy in a given year, how much will she pay out of pocket in premiums and deductible that year? A: $1,000 B: $1,200 C:$2,200 D:$4,000

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Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy in a given year, how much will she pay out of pocket in premiums and deductible that year?
A: $1,000
B: $1,200
C:$2,200
D:$4,000