The insured has a 1,000,000 personal umbrella policy with a retention limit of $5,000. the insured suffers a $15,000 loss that is excluded by both the underlying policy and the umbrella. how much of this loss would be paid under the umbrella?

$10,000

Step-by-step explanation:

Data provided in the question:

The amount of personal umbrella policy = 1,000,000

The retention limit = $5,000

Loss suffered by the insured =  $15,000

Now,

The amount that would be paid under the umbrella

= Loss suffered by the insured  - The retention limit

or

The amount that would be paid under the umbrella = $15,000 - $5,000

or

The amount that would be paid under the umbrella = $10,000

00

step-by-step explanation:

b

step-by-step explanation:

the equation of a line in point- slope form is

y - b = m(x - a)

where m is the slope and (a, b) a point on the line

calculate m using the slope formula

m = (y₂ - y₁ ) / (x₂ - x₁ )

with (x₁, y₁ ) = (0, 4) and (x₂, y₂ ) = (3, - 5) ← 2 points on the line

m = = = - 3

with m = - 3 and (a, b) = (3, - 5), then

y - (- 5) = - 3(x - 3), that is

y + 5 = - 3(x - 3) → b