home owners policy comparison\ndeductible\npolicy 1 $2,500.00\npolicy 2 $2,000.00\nwhich statement below…

home owners policy comparison\ndeductible\npolicy 1 $2,500.00\npolicy 2 $2,000.00\nwhich statement below correctly compares the premium prices for these insurance policies?\npolicy 1 will have a lower premium because it has a lower deductible than policy 2.\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 lower deductible than policy 2.\npolicy 2 will have a higher premium because it has a higher deductible than policy 1.

home owners policy comparison\ndeductible\npolicy 1 $2,500.00\npolicy 2 $2,000.00\nwhich statement below correctly compares the premium prices for these insurance policies?\npolicy 1 will have a lower premium because it has a lower deductible than policy 2.\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 lower deductible than policy 2.\npolicy 2 will have a higher premium because it has a higher deductible than policy 1.

Answer

Brief Explanations:

In insurance, a lower - deductible policy typically has a higher premium. Policy 2 has a lower deductible ($2,000) compared to Policy 1 ($2,500). 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.