Question: please dont answer my by excel .. would be better if use your PC to answer ,, as well as provide the formula (6) You

please dont answer my by excel .. would be better if use your PC to answer ,, as well as provide the formula

(6) You are considering a homeowner's insurance policy. The policy includes damage to your home and its contents but limits the coverage for losses of jewelry to a total value of RM1,000. In addition, the policy has a RM500 deductible. For an additional amount, you can increase the coverage on your jewelry, subject to an appraisal. You can also pay a higher premium to reduce the deductible to RM200. Explain the purpose of these contractual provisions from the insurer's point of view. (6 marks)

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