home owners policy comparison\ndeductible\npolicy 1 $2,200.00\npolicy 2 $1,500.00\nwhich statement below…

home owners policy comparison\ndeductible\npolicy 1 $2,200.00\npolicy 2 $1,500.00\nwhich statement below correctly compares the premium prices for these insurance policies?\npolicy 2 will have a higher premium because it has a lower deductible than policy 1.\npolicy 1 will have a higher premium because it has a higher deductible than policy 2.\npolicy 1 will have a lower premium because it has a lower deductible than policy 2.\npolicy 1 will have a higher premium because it has a lower deductible than policy 2.

home owners policy comparison\ndeductible\npolicy 1 $2,200.00\npolicy 2 $1,500.00\nwhich statement below correctly compares the premium prices for these insurance policies?\npolicy 2 will have a higher premium because it has a lower deductible than policy 1.\npolicy 1 will have a higher premium because it has a higher deductible than policy 2.\npolicy 1 will have a lower premium because it has a lower deductible than policy 2.\npolicy 1 will have a higher premium because it has a lower deductible than policy 2.

Answer

Brief Explanations:

In insurance, generally, a lower - deductible policy has a higher premium. Policy 2 has a lower deductible ($1,500) compared to Policy 1 ($2,200), so Policy 2 will have a higher premium.

Answer:

Policy 2 will have a higher premium because it has a lower deductible than Policy 1.