Question

Annual premium per $100 coverage Brick Steel Mixed Wood Area Rating Building Cantierta Duiking Coman's Buiding Content- Burong Collonis City 039 Suburb 0 56 0 83 Rural [ 06 8. Travis rents an apartment in a historic, all-brick building downtown. The value of the belongings in the apartment is about $11,000. If Travis wishes to insure his belongings while renting, how much will he have to pay for insurance per year? Use the table above to solve.

Answer 1

$47.3

Step-by-step explanation:

First, we need to find the corresponding value for the all-brick apartment located downtown. So, taking into account the table, we will use the value 0.43 because he wishes to ensure his belongings.

Then, using the fact that the value of the belongings in the apartment is about $11,000, we get that we can calculate how much he will have to pay as follows:

`11000*(0.43)/(100)=47.3`

Therefore, he will have to pay $47.3 for insurance.