sites ANGELA NAN... Show Time Remaining Your parents are contemplating insuring their car currently valued at GH50,000 with either Vanguard Insurance of State Insurance, as well as whether to insure using a Comprehensiver a Third Party plan. A Third Party plan from Vanguard Insurance cost GH 300 and will cover none of the insurance holder's losses except the loss incurred by the other driver. A comprehensive plan will cost 54 of the car's value and will cover 70% of the insurance holder's losses in case of an accident. State Insurance specializes in only comprehensive plans. A comprehensive plan from State Insurance will cost 6% of the car's value and cover 65% of total losses or a 30% premium payback if no accident occurs Regardless of which company and plan selected, there is a respective probability of 0.5, 0.3, 0.15,0.05 that the repair cost might be 10% 20%, 30% or 100% (ie total loss) of the car's value if an accident were to occur. Taken the payout by coverage into account, the total loss when an accident occurs under any plan for each company can be expressed as [-%Coverage]" Repair Cout, and is given in the table below. Total cost incurred by insurance holder (GH) in case of accident Vanguard Insurance State Insurance %Loss Third Party Comprehensive Comprehensive 1096 5000 1500 1750 30% 15000 4500 5250 609 30000 9000 10500 100% 50000 15000 17500 sites ANGELA NAN... Show Time Remaining Your parents are contemplating insuring their car currently valued at GH50,000 with either Vanguard Insurance of State Insurance, as well as whether to insure using a Comprehensiver a Third Party plan. A Third Party plan from Vanguard Insurance cost GH 300 and will cover none of the insurance holder's losses except the loss incurred by the other driver. A comprehensive plan will cost 54 of the car's value and will cover 70% of the insurance holder's losses in case of an accident. State Insurance specializes in only comprehensive plans. A comprehensive plan from State Insurance will cost 6% of the car's value and cover 65% of total losses or a 30% premium payback if no accident occurs Regardless of which company and plan selected, there is a respective probability of 0.5, 0.3, 0.15,0.05 that the repair cost might be 10% 20%, 30% or 100% (ie total loss) of the car's value if an accident were to occur. Taken the payout by coverage into account, the total loss when an accident occurs under any plan for each company can be expressed as [-%Coverage]" Repair Cout, and is given in the table below. Total cost incurred by insurance holder (GH) in case of accident Vanguard Insurance State Insurance %Loss Third Party Comprehensive Comprehensive 1096 5000 1500 1750 30% 15000 4500 5250 609 30000 9000 10500 100% 50000 15000 17500