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

To determine the correct amount of damage covered by Steve's policy, it is essential to understand the specifics of his insurance coverage, including any deductibles and the extent of coverage for hailstorm damage.

In this context, the correct answer of $10,400 likely accounts for the total damage incurred from the hailstorm, minus any applicable deductibles. Many insurance policies have a deductible that the policyholder is responsible for paying before the insurance coverage kicks in. Assuming that Steve's damages amount to $13,000, the calculation likely reflects that after applying the deductible, the remaining amount covered by the insurance would be $10,400.

This amount reflects the policy's coverage limit in relation to hail damage and illustrates how insurance payouts are structured based on the damages assessed and the specifics of the policy terms. It’s important for policyholders to fully understand their coverage, including deductibles, coverage limits, and any pertinent exclusions to avoid surprises during the claims process.