"""The policy limit is $3500.00 less your $250.00 deductible."""
Does this mean that the MOST I can receive is $3250.00.
Or
Does it mean that after the value of the bike is determined with all its accessories then the $250.00 is applied from the total value of the bike. If after the deductable value is subtracted and the value is still greater than $3500.00, then the most I can receive is $3500.00?
Any insurance Professionals out there?