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Optimal Claims in Automobile Insurance
The Review of Economic Studies, 1980In this paper we explore the optimal strategy of claiming damages in automobile insurance. In most countries, the insurance premiums which the insured must pay, increase whenever he files a claim. Thus the insured must weigh the benefits from being paid the damages against the added costs of paying higher insurance rates in the future.
Venezia, Itzhak, Levy, Haim
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<div class="htmlview paragraph">Presuming that insurance protection against the theft of automobiles will continue to be furnished, the author considers ways and means of restricting the losses to an extent that will permit the protection afforded by insurance to be provided at non-prohibitive cost.</div> <div class="htmlview paragraph ...
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