Anonymous
Anonymous asked in Business & FinanceInsurance · 3 weeks ago

Insurance policy for your car in case of a crash is 300 and 1500 deductible. What is expected value of buying the policy?

2 Answers

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  • 3 weeks ago
    Favourite answer

    You can't figure this out without knowing the chance there will be an accident and how much cost the average accident is (for which you would additionally probably need to know the value of the car).

  • Maxi
    Lv 7
    3 weeks ago

    Read the policy

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