An insurance contract has a straight deductible worth 100BD, additionally it also has a coinsurance agreement which specifies that a 40% coinsurance clause exists on a car valued at 27,799 BD. Based on this, if a loss worth 9,553 happens, how much will the insurer pay?

Answer rating: 100% (QA)

To calculate the amount the insurer will pay we need to consider both the deductible and the coinsur... View the full answer