Question
Peter's townhouse has a replacement cost of $117,000, and the contents are valued at $155,000. The territorial rating is 4, and its classification is B.
Peter's townhouse has a replacement cost of $117,000, and the contents are valued at $155,000. The territorial rating is 4, and its classification is B. Calculate the annual premium for Peter's fire insurance policy. Multiple choice
| Building Classification | ||||||
|---|---|---|---|---|---|---|
| A | B | C | ||||
| Territorial Rating | Building | Contents | Building | Contents | Building | Contents |
| 1 | $0.25 | $0.32 | $0.36 | $0.49 | $0.45 | $0.60 |
| 2 | $0.30 | $0.44 | $0.45 | $0.55 | $0.54 | $0.75 |
| 3 | $0.37 | $0.46 | $0.54 | $0.60 | $0.63 | $0.80 |
| 4 | $0.50 | $0.52 | $0.75 | $0.77 | $0.84 | $0.90 |
| 5 | $0.62 | $0.58 | $0.92 | $0.99 | $1.05 | $1.14 |
| $1,170.00 | |
| $2,720.00 | |
| $1,193.50 | |
| $2,071.00 |
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Create Wealth How You Can Ditch The 9 5 Job With Multifamily Investing
Authors: Pam Scamardo
1st Edition
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