Explain the renters insurance policy

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Question: Lars Pacheco needs a $40,000 renters insurance policy and has selected the $500,000 liability with $1,000 deductible. The insurance company has determined his credit is excellent and given him the "good" credit rate. If he adds an endorsement to insure $7,000 of jewelry and the option of identity theft, find his annual premium.

Reference no: EM131628797

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