I've been trying to remember this formula for my adjuster license exam and this video made it so simple to understand as opposed to my training material! Did/Should x Lost - Deducible. So easy to remember when it's put in such simple terms. Thanks so much.
There was a question that was similar to- if the house valued was 100K and you had 85K in coverage and there was 30K damage how much would the Coinsurance cover? A-25500k B- 24K C-30K D-18k Would it be 30K? Or is it 20% of the of the 30K?
I've been trying to remember this formula for my adjuster license exam and this video made it so simple to understand as opposed to my training material! Did/Should x Lost - Deducible. So easy to remember when it's put in such simple terms. Thanks so much.
Not going to lie, in the insurance industry seeing rental properties go up in price more and more is making this discussion more and more relevant.
Thank you!!!
Thank you so much
perfect, ty!
Ty
There was a question that was similar to- if the house valued was 100K and you had 85K in coverage and there was 30K damage how much would the Coinsurance cover?
A-25500k
B- 24K
C-30K
D-18k
Would it be 30K? Or is it 20% of the of the 30K?
What is the rate of co-insurance?
Great. What If there is a waiver?