if no insurance claim is submitted for event 2, what is the owners out of pocket cost for the…

if no insurance claim is submitted for event 2, what is the owners out of pocket cost for the repair?\ndeductible: $1500.00\n| |event 1|event 2|\n|--|--|--|\n|description|hail damage|theft|\n|repair cost|$12,000.00|$6,000.00|

if no insurance claim is submitted for event 2, what is the owners out of pocket cost for the repair?\ndeductible: $1500.00\n| |event 1|event 2|\n|--|--|--|\n|description|hail damage|theft|\n|repair cost|$12,000.00|$6,000.00|

Answer

Explanation:

Step1: Identify relevant cost

Since no insurance claim is submitted for Event 2, the owner pays the full repair - cost.

Step2: Determine the out - of - pocket cost

The repair cost for Event 2 is $6000.

Answer:

$6000