Jim is a renter and carries $40,000 insurance on his personal belongings. he selects the minimum liability with a deductible of $1000 for each claim; carries identify theft/fraud protection and an endorsement of $2500 for his camera equipment. jim has a recent bankrupcy on his record, so is credit rated as "bad" . find his annual premium.

a) 366.75

b) 333.00

c)354.25

d) 360.50

Estimated Annual Renters Insurance Premium Rates $40,000 Policy Limit $20,000 Policy Limit $1,000 Deductible $500 Deductible $1,000 Deductible Liability $500 Deductible GOOD OCC BAD GOOD OCC BAD GOOD OCC BAD GOOD OCC BAD 312 349 330 370 373 418 280 313 174 195 203 227 $300,000 $500,000 $1.000.000 253 268 126 141 149 169 226 297 333 185 206 215 241 239 134 339 381 213 233 246 276 154 270 303 GOOD = good credit; OCC = occasional payments past 30 days; BAD = judgments, collection, bankruptey %3D Rates for Optional Coverage and Extended Coverage Endorsements Extended Endorsement Coverage Optional Coverage Identity theft/fraud protection Sewer/sump pump backup protection (for property located in a basement) S0.85/S100/year $1.35/S100/year $0.95/S100/year $20/year Jewelry, watches, and furs $75/year Camera equipment Computer equipment $1.10/S100/year Fine art and collectibles $1.45/S100/year Firearms and accessories $3.25/S100/year Portable tools Done Print