So the formula should go $70k(insured amount) divided by $100k(amount needed) =.7 or 70%
70% of $5000(damage) = $3500 minus your deductible($500) = $3000.
Am I missing something here?
So the formula should go $70k(insured amount) divided by $100k(amount needed) =.7 or 70%
70% of $5000(damage) = $3500 minus your deductible($500) = $3000.
Am I missing something here?