Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer fast pls QUESTION 26 Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 2275,

image text in transcribed

image text in transcribed

answer fast pls

QUESTION 26 Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 2275, another in May costing 1526 and the last in December costing 2792. If Faisal has an aggregate deductible of 1688. How much will the insurer pay? QUESTION 25 Khalid has purchased insurance for his home with four different companies, Company A covers 4879, Company B covers 4587, Company C covers 3237 and Company d covers 2976. Assuming the insurers follow a pro-rata liability method, how much will company B pay if a loss of 5733 occurs

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Methods And Finance

Authors: Emiliano Ippoliti, Ping Chen

1st Edition

3319498711, 978-3319498713

More Books

Students also viewed these Finance questions