Dong, Yumo; Frees, Edward W.; Huang, Fei - 2022
Bundled insurance contracts, providing protection based on several loss coverages, are attractive because they allow …. Without combined deductibles, it is straightforward to value bundled insurance contracts as the sum of contracts from each … insurers to focus on the needs of the policyholder. A common contract feature is a deductible set so that the insurance pays …