the premium for the comprehensive policy with a $3 million deductible will be less than the sum of the three separate policies with $1 million deductible on each, even when all premiums are absolutely actuarial fair.
the premium for the comprehensive policy with a $3 million deductible will be less than the sum of the three separate policies with $1 million deductible on each, even when all premiums are absolutely actuarial fair.