Your Home Insurance Policy Has a $1,000 Deductible

question 22

Multiple Choice

Your home insurance policy has a $1,000 deductible.If a windstorm causes $2,500 damage to your home,what amount of the claim would the insurance company pay?

• A)$2,500
• B)$1,000
• C)$1,500
• D)$500
• E)$0

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Definitions:

Developmental Trends

Patterns and sequences of development observed over time, which can include physical, cognitive, and social changes.

Causality

The relationship between cause and effect, where one event (the cause) is understood to lead to another event (the effect) as a result.

Longitudinal Studies

Research designed to observe the same subjects over a period of time, allowing for the study of changes and developments.

Cross-Sectional Studies

Research designs in which subjects of different ages are studied at one point in time.