Question 1 - Your home insurance policy has a $250 deductible. If hail causes $1,500 damage to your home, what amount of the claim would the insurance company pay?
$1,750
$1,250
$1,500
$250
$0
Question 2 - Angela has a policy that includes a $250 deductible and a coinsurance provision requiring her to pay 20% thereafter. Her medical bills total $5,500. What amount is she required to pay personally?
$1,050
$300
$5,500
$5,500
$1,300
Question 3 - The Capitalist Mutual Fund's net asset value is $26.25. The fund has liabilities of $2 million and 1,600,000 shares have been issued. What is the value of the fund's portfolio?
$42 million
$44 million
$10.5 million
$40 million
$4 million