How much of the hailstorm damage will be covered by Steve's policy?

To determine how much of the hailstorm damage is covered by Steve's policy, we need to examine the specifics of his coverage and the amount of the damages assessed. In this context, a policy usually includes coverage limits, deductibles, and any specific conditions related to hailstorm damage.

The answer indicates that Steve's policy covers $10,400 of the hailstorm damage. This amount likely reflects a scenario in which the total cost of the damage was assessed, deductibles were applied, and the remaining balance was a result of the coverage limits within his insurance policy.

It is important to understand that in insurance, deductibles are subtracted from the total amount of the claim. For example, if the total damage was $13,000 and the deductible was $2,600, the insured would only be able to claim the difference, which is $10,400. This method illustrates how insurance policies work by requiring the policyholder to bear part of the loss.

Considering the other amounts listed, $9,630 might suggest a scenario with a higher deductible or limit that isn’t properly aligned with the coverage plan. Similarly, the amounts $13,000 and $2,600 do not fit the typical result of applying deducible limits. Hence