Question

12.
After her house was damaged by a tornado, Cindy paid $500 to her insurance company. Then the insurance company paid her the remaining cost of the damage. What is the amount Cindy paid after her house was damaged?

A.
Liability

B.
Beneficiary

C.
Deductible

D.
Premium

Answer 1

C. Deductible — the out-of-pocket amount Cindy must pay before the insurance company covers the remaining cost.