a homeowner bought a homeowners insurance policy. the homeowner pays an annual $650 premium for property…

a homeowner bought a homeowners insurance policy. the homeowner pays an annual $650 premium for property coverage with a deductible is $1,175 for each claim. a windstorm causes $42,500 in damages. if a claim for the full amount of damages is approved, how much will the homeowners insurance company pay for the damages?\n$42,500\n$41,325\n$41,975\n$40,825

a homeowner bought a homeowners insurance policy. the homeowner pays an annual $650 premium for property coverage with a deductible is $1,175 for each claim. a windstorm causes $42,500 in damages. if a claim for the full amount of damages is approved, how much will the homeowners insurance company pay for the damages?\n$42,500\n$41,325\n$41,975\n$40,825

Answer

Explanation:

Step1: Identify deductible and total damage

Total damage: $$42,500$; Deductible: $$1,175$

Step2: Calculate insurer's payment

Subtract deductible from total damage: $$42,500 - $1,175 = $41,325$

Answer:

B. $41,325