If your face amount of dwelling protection is $100,000 and you have contents coverage on unscheduled property of $50,0000,the maximum amount you could collect if your policy has a deductible of $1,000 and a co-insurance clause is

Question

Quizplus · Accepted Answer

Since there is a $1,000 deductible, we must subtract this from the potential payout. Therefore, the maximum amount you could collect is $149,000.
The co-insurance clause means that the policy will pay only a percentage of the loss if the coverage in the policy is less than a specified percentage of the value of the property. However, since we are not given the co-insurance percentage, we cannot calculate its effect on the payout.

If Your Face Amount of Dwelling Protection Is $100,000 and You