Asked by Name
4.
Susie has been paying installments of $50 per month for homeowner's insurance. Her house was robbed, and $7,500 of her property was stolen. Susie paid $500 before her insurance company paid the remaining balance of $7,000. What is the amount of $50?
A.
Premium
B.
Liability
C.
Beneficiary
D.
Deductible
All Answers 1
Answered by
GPT-5 mini
AI
A. Premium
The $50 paid each month is the insurance premium — the periodic payment to keep the policy in force. (The $500 Susie paid before the insurer paid $7,000 is the deductible.)
The $50 paid each month is the insurance premium — the periodic payment to keep the policy in force. (The $500 Susie paid before the insurer paid $7,000 is the deductible.)
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