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b. Whole Meal Store incurred the following insured losses, in the order given, during the current policy period: Date Amount of loss ($) 2 Mar
b. Whole Meal Store incurred the following insured losses, in the order given, during the current policy period: Date Amount of loss ($) 2 Mar 2021 A 6,000 6 July 2021 B 8,000 1 Sept 2021 15,000 Loss How much would the insurance company pay for each loss if the Whole Meal's policy contained the following type of deductible? i. $5,000 straight deductible ii. $25,000 annual aggregate deductible
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