A builder's risk deductible is $5,000. A covered loss is $62,000, and the owner pays the deductible by agreement. What insurer-paid amount is estimated before policy limits?
Correct Answer
B) $57,000.
The insurer-paid amount before policy limits is $62,000 - $5,000 = $57,000.
Why This Is the Correct Answer
The insurer-paid amount before policy limits is $62,000 - $5,000 = $57,000.
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