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If You Purchase $250,000 Worth of Insurance to Protect Your

Question 16

Multiple Choice

If you purchase $250,000 worth of insurance to protect your restaurant, with a $10,000 deductible, how much money are you entitled to receive as a payout if a fire destroys your store, which is valued at $250,000?


A) $240,000
B) $10,000
C) $250,000
D) $350,000
E) $290,000

Correct Answer:

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