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Hi there, I need a help for the question down below A fire policy in effect between 20.4.2017-2018. Sum insured for the building 100.000, material
Hi there, I need a help for the question down below
A fire policy in effect between 20.4.2017-2018.
Sum insured for the building 100.000, material 120.000, machinery 80.000.
Rate for fire in building is %0,40, in material and machinery is %0,80 and
Rate for flood in building is %0,80 and in material and machinery is %1,20.
calculate the gross premium for %20 coinsurance.
What is the gross premium?
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