Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss in January costing 1,577, another in May costing 1,284 and the last in December costing 1,102. If Faisal has an aggregate deductible of 2,574. How much will the insurer pay

Q: Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss…

A: First loss = 2011 Second loss = 1404 Third loss = 2812 Straight deductible = 384, which is the…

Q: Faisal has insured his vehicle with AXA insurance company. Throughout the year he experiences a loss…

A: Loss in January = 1154 Loss in May = 1255 Loss in December = 1292 Straight Deductible = 824

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