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A policy's full coverage claim severity is uniform on [0,2000] with a per-claim deductible of $500 and per-claim limit, applied before the deductible, of $1,500. A claim is reported when the loss to the insured exceeds the deductible. Determine the expected loss to the insurer per ''reported'' claim.
A policy's loss is uniform on [0,2000] with a deductible of $500 and limit, applied before the deductible, of $1,500. Determine the expected payment, given that the payment is non-zero.


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Latest revision as of 00:10, 22 July 2024

A policy's loss is uniform on [0,2000] with a deductible of $500 and limit, applied before the deductible, of $1,500. Determine the expected payment, given that the payment is non-zero.

  • 501.55
  • 625.67
  • 666.67
  • 700.67
  • 872.55