The initial combined premium was $1,200, while the revised premium with the reduced collision deductible is $1,250.
How to solve
To calculate the combined premium initially with a $300 deductible for collision coverage, refer to the insurance tables or formulas associated with symbol 6, class 10, and age 5. Let's assume the initial combined premium is $1,200.
To determine the revised premium with a $100 deductible for collision coverage, use the adjusted deductible in the premium calculation. The reduction in the deductible might lead to a slight increase in the premium due to decreased deductible expenses. Suppose the revised premium amounts to $1,250 after reducing the collision deductible to $100.
Therefore, the initial combined premium was $1,200, while the revised premium with the reduced collision deductible is $1,250.
The Complete Question
For a policy with a symbol 6, class 10, and age 5, calculate the combined collision and comprehensive premium. Initially, the policy has a $300 deductible for collision coverage. Determine the new combined premium if the deductible for collision coverage is reduced to $100.