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If an insurance policy covers individual losses up to $2,000 and has a deductible of $200, the insured will be paid how much in the event of a covered loss of $2,500?
Group of answer choices

$2,500

$500

$1,800

$2,300

$2,000

Answer :

TUNDEXIGO

Because the deductible is $200, the policyholder will pays $200 and the insurance will pay the rest of $2,300.

What is a deductible?

This means the amount that a policyholder will pay for covered a loss before your insurance plan starts to pay.

Hence, as the deductible is $200, then, the insurance will only pay the rest of $2,300 after the policyholder pays $200.

Therefore, the Option D is correct.

Read more about deductible

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