You have a $2,000 loss. Your insurance company pays you $1,500 on the claim for the loss. The $500 the insurance did not pay is a result of your policy having a:

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You have a $2,000 loss. Your insurance company pays you $1,500 on the claim for the loss. The $500 the insurance did not pay is a result of your policy having a:

A) Co-insurance clause

B) Deductible

C) Hazard clause

D) Premium

Answer: B

You should now have gotten the answer to your question “You have a $2,000 loss. Your insurance company pays you $1,500 on the claim for the loss. The $500 the insurance did not pay is a result of your policy having a:”, which was part of Insurance MCQs & Answers. Thanks for choosing us.