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Rogers office building has a $390,000 value, a 2 rating, and a B building classification. The contents in the building are valued at $147,000. Calculate
Rogers office building has a $390,000 value, a 2 rating, and a B building classification. The contents in the building are valued at $147,000. Calculate his total annual premium. (Round to the nearest whole dollar amount.) (Use Table 20.3.)
Total annual premium $
TABLE 20.3 CLASSIFICATION OF BUILDING CLASS A CLASS EB Fire insurance rates per $100 of coverage for buildings and contents Bullding .28 .33 41 Rating of area Contents .35 47 50 Bullding 41 50 .61 Contents 54 60 .65 2 3Step by Step Solution
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