Re: Unit 4 Lesson 2 calculation
by Jessica Milliron - 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?
Claims Adjusters are desperately needed. Use this coupon (code: OLT-Ian) to receive 10 percent off our Claims Adjuster Course. Feel free to share this code and link with your friends and colleagues.
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?