–$80K xs $20K
–event limit: 3 times of per risk limit
–f

–$80K xs $20K

–event limit: 3 times of per risk limit

–four properties damaged by a storm to the extent of $90K each

–How will be the losses be apportioned?

(90-20)x4=280K

280K>240K

Only 240K is paid

40K is retained

–$80K xs $20K–event limit: 3 times of per risk limit–f