44) Your client rents an apartment and has a renter's insurance policy with a $1,000...

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Finance

44) Your client rents an apartment and has a renter's insurance policy with a $1,000 deductible. The insurance policy has a $300,000 limit for liability coverage.
Your client invites a friend over who slips on the floor and incurs $50,000 of medical bills. How much does the insurance company pay?
SO - Insurance policies do not cover this sort of liability.
O $49,000.
$1.000
$50.000

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