The first thing to do is to find out how much of the insured value is covered by insurance. To do this, divide the insured value by 1,000. This gives the amount of insurance coverage per $1,000 of insured value. Next, multiply the coverage amount by the rate ($4.00). Finally, multiply this amount by the number of thousands in the insured value. This gives the amount of insurance coverage for the year. Here's the calculation:$150,000 ÷ 1,000 = 150$4.00 × 150 = $600 per year$600 × 1 = $600 per year (since there is only one year of coverage)Therefore, the insurance coverage for the year is $600. To find what percent of the house value is covered by insurance, divide the insurance coverage by the value of the house and then multiply by 100. Here's the calculation:$600 ÷ $150,000 = 0.004, or 0.4%Therefore, the percent of the house value covered by insurance is 0.4%.The answer above has 141 words.