1. Determine the amount the insurance company and the individuals will pay in the following automobile accidents. All insured motorists have 25/50/10.

Total paid by individual causing accident: $

2. Determine the amount of fire insurance coverage needed to equal 80% of property value.

Property Value	Needed Coverage
$75,000	$

3. Determine the annual premium due for homeowner's insurance. Round dollar amounts to the nearest cent.

$150,000 coverage quoted at $5.50 per $1,000 = $

4. Determine the amount paid by the insurance company on an 80% coinsurance fire insurance policy for each of the following properties. Coverage is equal to 80% of property value. Round rate of recovery to the nearest whole percent before calculating the amount of insurance paid.

Coverage	Value	Loss	Insurance Paid
$108,540	$135,675	$20,000	$

5.Garvin Enterprises built and moved into a new office building valued at $295,000. Their insurance company quoted them $3.90 per $1,000. What would a two-year property insurance premium cost the firm if the partners wanted full coverage?

6. Determine the amount paid by the insurance company on an 80% coinsurance fire insurance policy for each of the following properties. Coverage is equal to 80% of property value. Round rate of recovery to the nearest whole percent before calculating the amount of insurance paid.

Coverage	Value	Loss	Insurance Paid
$120,000	$150,000	$90,000	$