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The Campbells own a $150,000 wood-frame house. It is in fire protection class 8, and they insure it for 100% of its replacement value.

a. Find the amount of insurance coverage.

100% π‘œπ‘“ (Γ—) π‘…π‘’π‘π‘™π‘Žπ‘π‘’π‘šπ‘’π‘›π‘‘ π‘‰π‘Žπ‘™π‘’π‘’

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b. Find the annual premium.

π‘‰π‘Žπ‘™π‘’π‘’ π‘“π‘Ÿπ‘œπ‘š π‘‘β„Žπ‘’ π‘‘π‘Žπ‘π‘™π‘’ 𝑒𝑠𝑖𝑛𝑔 π‘–π‘›π‘ π‘’π‘Ÿπ‘Žπ‘›π‘π‘’ π‘π‘œπ‘£π‘’π‘Ÿπ‘Žπ‘”π‘’. Click or tap here to enter text.

 
 May 11, 2020

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