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W!se Financial Literacy INSURANCE Review Flashcards | StudBud
W!se Financial Literacy INSURANCE Review
1 / 11
A person buys a homeowner's policy with a $250 deductible, which means the person will
A
have to pay a quarterly premium of $250
B
receive payment from insurance company of $250 for claim
C
not be responsible for the first $250 of the claim damages
D
pay the first $250 and that is deducted from settlement paid
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