Ray has an HO-5 all-risk policy. He came home one day to find his house burglarized with $800 stolen. If Ray had a $500 deductible, how much would the insurer pay to indemnify him?

Ray has an HO-5 all-risk policy. He came home one day to find his house burglarized with $800 stolen. If Ray had a $500 deductible, how much would the insurer pay to indemnify him?


a. $550

b. $0

c. $800

d. $300


Answer: B

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