Building belongs in structural classification

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Reference no: EM131346177

What would be the total fire insurance premium for Best Seconds if their $837,500 building belongs in structural classification D? The contents are worth $421,300 and they received an area rating of 2. (The rates per $100 are found in the book)

a. $7,255.49

b. $7,680.72

c. $5,126.34

d. $6,587.14

2. Alana wishes to obtain auto insurance. She wants 100/300/100 liability coverage, $250 deductible collision and full coverage comprehensive. She lives in territory 2 and has been assigned to driver class 2 with a rating factor of 1.05. Based on Table 19-6 and Table 19-7 from your text, what would be her total premium, if her 3-year old car were in model class L? (Round your answer to the nearest cent)

a. $389.00

b. $383.25

c. $355.00

d. $305.45

Reference no: EM131346177

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