Hello Everyone,
Can you guys help me understand why the answer to this question is C: $400?
I'm confused. Need an explanation, pleeeez.
Under the Garagekeepers coverage, Section III of the Garage policy, the insured suffers a single vandalism loss to nine (9) vehicles belonging to customers. Damage is $100 per vehicle. How much will the policy pay?
Choose one answer.
a. $900
b. $500
c. $400
d. Nothing
Hi Joana,
I think you misunderstood my response. I stated that the insurer will pay $400 and the insured will pay $500 (the deductible). The correct answer is $400 because the question is asking the amount paid by the policy - the insurer.
Jan
Joana,
I know exactly how you feel! I was in the same place you are about 20 years ago and it was the best decision I ever made. I wish you the best of luck in your new pursuit.
Jan