In a simplified calculation, a covered property loss is $11,500 and one $1,000 deductible is subtracted. Ignore limits and all other adjustments. What amount remains?
Correct Answer
A) $10,500.
$11,500 − $1,000 = $10,500. The question supplies one deductible and no other adjustments. It does not determine actual coverage or claim settlement.
Why This Is the Correct Answer
$11,500 − $1,000 = $10,500. The question supplies one deductible and no other adjustments. It does not determine actual coverage or claim settlement.
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