Answer:
42.86%
Step-by-step explanation:
Given:
Insurance coverage amount: $150,000
Total value of the home: $350,000
What percent of the total value does this represent?
Percentage coverage = (Insurance coverage amount / Total value of the home) · 100
We take
(150,000 ÷ 350,000) · 100 ≈ 42.86%
So, the insurance coverage represents approximately 42.86% of the total value of the home.
