Unit 4
by Angela Denise Harris - Can someone please explain why the answer to the question below is $1500. Thanks.
An insured has $150,000 Coverage A with a 3% hurricane deductible. They suffer a loss from a hurricane when a tree falls on the roof causing $6,000 in damage. The claim
will pay ______________.
Re: Unit 4
by Christine Morton - You have to calculate the deducable first.
$150,000 * .03 = 4500
$6,000 - $4500 - $1500 payment to insured.
Re: Unit 4
by Angela Denise Harris - Thanks for the explanation!