Tim Navholtz needs a $20,000 renters insurance policy and has selected the $500,000 liability with $1,000 deductible. The insurance company has determined his credit is excellent and has given him the "good" credit rate. If he adds an endorsement of $0.85/$100 to ensure $12,600 of jewelry, $20/year for the options of identity theft/protection and $75/year for sewer/sump pump backup protection for his basement, find his annual premium using the given table. Click the icon to see a hypothetical table of Estimated Annual Renters Insurance Premium Rates. The annual premium is $. (Simplify your answer. Type an integer or a decimal.)

SWFT Comprehensive Vol 2020
43rd Edition
ISBN:9780357391723
Author:Maloney
Publisher:Maloney
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 1BCRQ
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Tim Navholtz needs a $20,000 renters insurance policy and has selected the $500,000 liability with $1,000 deductible. The insurance company has determined his credit is excellent and has given him the "good" credit rate. If he adds an endorsement of $0.85/$100 to ensure $12,600 of jewelry, $20/year for the options of identity theft/protection and $75/year for sewer/sump pump backup protection for his basement, find his annual premium using the given table. Click the icon to see a hypothetical table of Estimated Annual Renters Insurance Premium Rates. The annual premium is $. (Simplify your answer. Type an integer or a decimal.)

Estimated Annual Renters Insurance Premium Rates
$20,000 Policy Limit
$40,000 Policy Limit
Liability
$500 Deductible
$1000 Deductible
$500 Deductible
$1000 Deductible
Good
ОСС
Bad
Good
ОСС
Bad
Good
ОСС
Bad
Good
ОСС
Bad
$300,000
$500,000
$1,000,000
141
226
253
126
203
227
195
312
349
174
280
313
149
239
268
134
215
241
206
330
370
185
297
333
169
270
303
154
246
276
233
373
418
213
339
381
Transcribed Image Text:Estimated Annual Renters Insurance Premium Rates $20,000 Policy Limit $40,000 Policy Limit Liability $500 Deductible $1000 Deductible $500 Deductible $1000 Deductible Good ОСС Bad Good ОСС Bad Good ОСС Bad Good ОСС Bad $300,000 $500,000 $1,000,000 141 226 253 126 203 227 195 312 349 174 280 313 149 239 268 134 215 241 206 330 370 185 297 333 169 270 303 154 246 276 233 373 418 213 339 381
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