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? 

 

Answer rating: 100% (QA)

Answer The expected value Danielle would reserve each month if she selfinsured we need to consider t... View the full answer