A homeowners policy from the RESTEZ Insurance Company costs $3.50 per unit of coverage. Each unit consists of $1,000 for the structure of the house and $200 for contents. Each additional $100 of contents coverage costs $0.25 to insure. How much will it cost to insure a house worth $150,000 if its contents are worth $40,000?

Answer rating: 100% (QA)

To calculate the cost of insuring a house worth 150000 with contents worth 40000 we need to ... View the full answer