if an insurance claim is submitted for event 1, what is the owners out of pocket cost for the…

if an insurance claim is submitted for event 1, what is the owners out of pocket cost for the repair?\ndeductible: $1700.00\n| |event 1|event 2|\n|--|--|--|\n|description|termite damage|fence repair|\n|repair cost|$8,000.00|$2,000.00|

if an insurance claim is submitted for event 1, what is the owners out of pocket cost for the repair?\ndeductible: $1700.00\n| |event 1|event 2|\n|--|--|--|\n|description|termite damage|fence repair|\n|repair cost|$8,000.00|$2,000.00|

Answer

Explanation:

Step1: Understand insurance deductible concept

The owner pays the deductible amount out - of - pocket.

Step2: Identify deductible value

The deductible is given as $1700.

Answer:

$1700