Kasturi Bhd. has historically purchased separate policies for property insurance and liability insurance. Each of...
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Kasturi Bhd. has historically purchased separate policies for property insurance and liability insurance. Each of the policies had RM4 million retention. The company is now considering the purchase of a bundled policy which covers both property and liability exposures. The retention of the bundled policy is to be RM8 million. Sketch a graph illustrating the areas of unnecessary coverage that will exist if Kasturi Bhd. continues with separate policies.
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