Question

Reynaldo is a landlord who owns several rental homes. One all-wood home in

the suburbs is worth $95,000. Because the renters insure their own
belongings, what is the premium Reynaldo pays for property insurance per
year?
Annual Premium per $100 of coverage
Brick
Steel
Building Contents
Area
rating
City
0.43
0.39
Suburb 0.45 0.52
Rural 0.6
0.69
OA. $978.65
B. $950.00
C. $852.00
OD. $788.50
Mixed
Building Contents Building Contents
0.5
0.54
0.56 0.63
0.71
0.8
0.55
0.72
0.89
0.65
0.74
0.91
Wood
Building
0.66
0.83
1
Contents
0.76
0.85
1.02

Answer 1

d

Explanation:

95,000÷100 then multiply by $0.83 since it's a wood home in the suburbs.