In an accident: Car A: property damage: damage of the car: 33 mil. VND, business damage: 8
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Question:
In an accident: Car A: property damage: damage of the car: 33 mil. VND, business damage: 8 mil. VND. Driver is injury: Medicare cost: 90 mil. VND and income lost: 60 mil. VND. Car B: property damage: damage of the car: 30 mil. VND, business damage: 2 mil. VND. Mistake of parties: A: 60%; B: 40% Both cars are insured (property and third party liability insurances); at time of accident: the insurance policies are in force. (liability limit: 50 mil./risk/property and 50 mil./risk/person) Two cars A and B bought insurance from two insurance companies X and Y in turn.
Requirement:
Calculate the indemnity of the insurers to the insureds and the actual damage of two car owners.
Part II. Exercise: In an accident: Car A: property damage: damage of the car: 33 mil. VND, business damage: 8 mil. VND. Driver is injury: Medicare cost: 90 mil. VND and income lost: 60 mil. VND. Car B: property damage: damage of the car: 30 mil. VND, business damage: 2 mil. VND. Mistake of parties: A: 60%; B: 40% Both cars are insured (property and third party liability insurances); at time of accident: the insurance policies are in force. (liability limit: 50 mil./risk/property and 50 mil./risk/person) Two cars A and B bought insurance from two insurance companies X and Y in turn. Requirement: calculate the indemnity of the insurers to the insureds and the actual damage of two car owners.
Related Book For
Statistics The Exploration & Analysis of Data
ISBN: 978-1133164135
7th edition
Authors: Roxy Peck, Jay L. Devore
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