Black has three policies from three companies as follows: Company X = $1,000, Company Y = $3,000, and Company Z = $6,000. If he has a $3,000 loss, he will receive from each policy on an equal shares basis

Question

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On an equal shares basis, the $3,000 loss would be divided equally among the three policies, regardless of their individual coverage amounts, resulting in each company paying $1,000.

Black Has Three Policies from Three Companies as Follows: Company