| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 6966730 | Accident Analysis & Prevention | 2013 | 9 Pages |
Abstract
⺠We examine the effects of bundled insurance purchases on the probability of filing accident claims. ⺠Based on simultaneous equations and probit models, we identify the mutual relationships between two types of automobile insurance and the tendency of having claims. ⺠Given the same coverage of vehicle damage insurance without a deductible, higher voluntary liability insurance coverage is found to reduce the probability of vehicle accident claims.
Related Topics
Physical Sciences and Engineering
Chemical Engineering
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Authors
Chu-Shiu Li, Chwen-Chi Liu, Sheng-Chang Peng,