Danielle has an insurance policy with a premium of $75 per month. In September she is in
Fantastic news! We've Found the answer you've been seeking!
Question:
Danielle has an insurance policy with a premium of $75 per month. In September she is in an accident and receives a bill worth $2990 for the repair of her own property. Her deductible is $250 and her coverage limit is $5000. Assume Danielle has a 4% chance of an accident each month.
What is the expected value Danielle would reserve each month is she self-insured?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: