$5,000,000 $7,000,000
GAZETTE C4670
The Insurance (Amendment) Regulations,2004.
$5,000,000 $7,000,000 x $5000000 = $3,500,000 $10,000,000 1 1 you will be paid $3,500,000 or 70% of your loss less any deductible stated in the policy example 2 where loss is less than value but greater than sum insured: assume the loss is $8,000,0
Page 3 of 4
Section 6