Table of Contents
Example: How Costs Are Shared Proportionally
This section relates to the Shared Amounts feature in the Coverages section when creating or editing an allocation. The following illustrates how a shared amount is distributed proportionally across cost components.
Note that the shared amount is calculated from the target amount excluding any shared amounts.
Distribute $20,000 in broker fees across cost components:
Total cost components for Auto: $200,000
Total cost components for Property: $400,000
Property: 67% x $20,000 = $13,400* added to the total
Auto: 33% x $20,000 = $6,600* added to the total
*Final results may differ due to factors including fixed rates or modifiers.
View example of how costs are shared equally.
Read more about Shared Amounts in Allocations.