Question

Assume you own a wood house in the country that is worth $200,000, using the

table below, what would be your annual premium to insure.
Annual Premium per $100 of coverage
Brick
Area
rating
City
0.39
Suburb 0.45
Rural
0.6
Steel
|Mixed
Wood
Building Contents Building Contents Building
Contents
Building |
Contents
0.43
|05
054
0.55
0.52
0.56
0.63
0.72
0.69
0.71
0.8
0.89
0.65
0.74
0.91
0.66
0.76
0.83
0.85
1
1.02
• $1,320
• $1,660
• $2,000
О $2,500

Answer 1

Based on the table, the annual premium for a wood house in a rural area would be $2,000.