Answer:
$10,472.76
Explanation:
Value of home = $330,000
Value of insurance cover against home = $256,000
Thus, percentage of insurance cover = $256,000/$330,000 = 77.576%
On a claim of any amount against the home, the insurance company will pay, 77.576% share of actual loss, as covered in insurance.
Assuming that the claim amount is the actual loss, incurred, the value of claim approved shall be:
$13,500 [tex]\times[/tex] 77.576% = $10,472.76
That is the actual portion covered in total amount under the insurance.
