How much lost revenue can Gabe recover under his Time Element insurance due to the refrigeration unit accident?

The amount of lost revenue that Gabe can recover under his Time Element insurance is determined by considering the specific coverage limits and the extent of the loss sustained due to the refrigeration unit accident.

In this case, Time Element insurance typically covers income loss resulting from business interruption. The correct amount of $10,000 likely reflects the estimated loss of revenue for the duration of the business interruption caused by the refrigeration unit's failure. This calculation would take into account the actual financial impact, such as the average revenue generated over a specific period before the incident occurred, adjusted for any necessary recovery time.

The options that reflect lower amounts, such as $1,000, $3,000, and $15,000, suggest calculations that either underestimate the duration and impact of the business interruption or misinterpret the coverage limit specified in Gabe's policy. Specifically, $15,000 could indicate a misunderstanding of the payout limits or the extent of the loss, highlighting the importance of accurately evaluating both the financial ramifications of the incident and the terms of the insurance policy.