Question 1 - Your home insurance policy has a $250 deductible. If hail causes $1,500 damage to your home, what amount of the claim would the insurance company pay?

$1,750

$1,250

$1,500

$250

$0

Question 2 - Angela has a policy that includes a $250 deductible and a coinsurance provision requiring her to pay 20% thereafter. Her medical bills total $5,500. What amount is she required to pay personally?

$1,050

$300

$5,500

$5,500

$1,300

Question 3 - The Capitalist Mutual Fund's net asset value is $26.25. The fund has liabilities of $2 million and 1,600,000 shares have been issued. What is the value of the fund's portfolio?

$42 million

$44 million

$10.5 million

$40 million

$4 million