OnyxJaxy OnyxJaxy

05-05-2024
Mathematics

Answered

The Quicks own a brick home that has a replacement value of $375,000.
They purchased a homeowners
policy for 80% of its replacement value.

They
live in an area rated fire protection class 9.
a) What is the
annual insurance premium?

b) What would
the annual policy premium be if they were in class 11?

Answer :

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