How Total Authorized Sharing Amount Is Calculated?

Here's how the amounts in the weekly sharing process are calculated:

Actual Amount of Loss

This is the total cost for all events this week, including repairs, total losses and roadside assistance.

(LESS)

From Applicants

Out-of-Pocket

Remaining Pledge Balance

This is the part that applicants pay first.

Total Authorized Sharing Amount

This is the amount approved for community sharing under the program rules.

(LESS)

GDM Donation

This is a one-time $2M donation from GDM. It’s used when a weekly sharing would exceed the per-member cap.

Current balance:

(PLUS)

Settlement Buffer

This account helps bridge collection gaps to ensure a smooth sharing experience and is owned by all members. This amount may be positive or negative: a positive amount slightly increases member contributions, while a negative amount reduces them.

Member Contributions

This is the actual amount shared among effective plans.

How Weekly Sharing Works?