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10. Amount of insurance carried is $600,000 Amount of insurance required is $500,000 The loss is $395,000 What is the amount of recovery? 11. Amount

10. Amount of insurance carried is $600,000

Amount of insurance required is $500,000

The loss is $395,000

What is the amount of recovery?

11. Amount of insurance carried is $1,000,000

Amount of insurance required is $1,200,000

The loss is $650,000

What is the amount of recovery?

12. List the three reasons insurers would want to use a deductible?

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