7. Assume this policy has a deductible of $1,000 and a coverage limit of $15,000. If there are personal property losses of $7,000 for a covered event, which best describes how much both parties pay?
a. Insured person pays $0; insurance company pays $7,000
b. Insured person pays $1,000; insurance company pays $6,000
C. Insured person pays $1,000; insurance company pays $7,000
d. Insured person pays $1,000; insurance company pays $15,000

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.