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21 an insurance company offers four different deductible levels none lowmedium and high foritshomeowner policyholders and three different levels low medium and high for its automobile policy 63403
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Exploring how deductibles function in property & casualty insurance today! Similar to medical deductibles, they vary between flat rates or a percentage scale. Learn how deductibles impact your out-of-pocket expenses and your premiums. Understanding these intricacies helps you save smarter. 💡💰 #insuranceinsights #SmartSavings #premiumsanddeductibles | Andrea Coulon: Allstate Insurance
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Exploring how deductibles function in property & casualty insurance t…
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An insurance company offers four different deductible levels-none, low, medium, and high-for its homeowner's policyholders and three different levels-low, medium, and high-for its automobile policyholders. The accompanying table gives proportions for the various categories of policyholders who have both types of insurance. For example, the proportion of individuals with both low homeowner's deductible and low auto deductible is .06 (6% of all such individuals). Suppose an individual having both
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