There are two insurance options that you are considering: Plan A's premium is $1,800 per year with a $250 deductible.
Plan B's premium is $840 per year with a $1,000 deductible. If you had a $2,000 claim for damage against your insurance policy, which plan
will save you the most in out-of-pocket expense?

Respuesta :

Answer:

Plan B

Explanation:

If you had a $2,000 claim for damage against your insurance policy, the plan that will save you the most in out-of-pocket expense is: Plan B.

What is insurance?

Insurance can  be defined as the coverage that help to cover cost or expenses in case of unforeseen  or unexpected circumtances such as:

  • Fire
  • Accident
  • Theft etc

Choosing Plan B is the best choice as this enables you to save costs compare to Plan A because Plan B premium is $850 per year and the deductible is $1,000.

Therefore the plan that will save you the most in out-of-pocket expense is: Plan B.

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