John and Mary Green buy a home worth $350,000 in Pritchard Farm Estates. This community is...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
John and Mary Green buy a home worth $350,000 in Pritchard Farm Estates. This community is in Area 3. They decide to get standard coverage with a $200 deductible. What is their annual premium? Tommy rents an apartment. The Boeckh replacement cost of his personal possessions is $30,000. Tommy chooses comprehensive tenants insurance with a $500 deductible. Calculate his annual premiums. How much would the Smith's house cost in the City of Winnipeg if they have to pay $464 per year for a comprehensive insurance package? Manitoba Homeowner's Insurance Rates ($500 deductible): Boeckh Calculator Amount Metro Winnipeg Area 2 Area 3 Area 4 Standard Comprehensive Standard Comprehensive Standard Comprehensive Standard Comprehensive $ 50,000 195 214 147 161 196 216 261 287 $ 55,000 216 238 160 176 217 239 289 318 $ 60,000 237 260 173 190 237 261 315 347 $ 65,000 252 277 187 205 255 281 339 373 $ 70,000 266 303 200 220 270 297 359 395 $ 75,000 294 324 210 231 285 314 379 417 $ 80,000 310 323 221 243 302 332 402 438 $ 85,000 318 333 226 249 313 344 416 462 $ 90,000 324 349 231 254 324 356 431 474 $ 95,000 348 370 244 268 345 380 459 505 $100,000 364 393 260 286 361 397 480 528 $105,000 390 417 278 306 378 416 503 553 $110,000 402 441 293 322 393 432 523 575 $115,000 418 464 299 329 409 450 544 598 $120,000 436 487 309 340 424 466 564 620 $125,000 451 510 319 351 444 488 591 650 $130,000 472 543 339 373 466 513 620 682 $135,000 498 557 345 380 477 525 634 697 $140,000 523 580 358 394 496 546 660 726 $145,000 538 596 375 413 508 559 676 744 $150,000 550 604 385 424 520 572 692 761 $155,000 557 613 398 438 551 606 733 806 $160,000 565 622 413 454 569 626 757 833 $165,000 572 629 425 468 589 648 783 861 $170,000 590 647 441 485 609 670 810 891 $175,000 607 668 451 496 624 686 830 913 $180,000 620 686 466 513 648 713 862 948 $185,000 636 702 478 526 667 734 887 976 $190,000 652 717 492 541 705 776 938 1032 $195,000 678 742 504 554 720 792 958 1054 $200,000 692 771 519 571 726 799 966 1063 Additional Amounts Add: $3.15 Add: $3.50 Add: $2.75 Add: $3.03 Add: $3.55 Add: $3.91 Add: $4.72 Add: $5.19 per $1000 coverage $200 deductible-Increase premium by 10% John and Mary Green buy a home worth $350,000 in Pritchard Farm Estates. This community is in Area 3. They decide to get standard coverage with a $200 deductible. What is their annual premium? Tommy rents an apartment. The Boeckh replacement cost of his personal possessions is $30,000. Tommy chooses comprehensive tenants insurance with a $500 deductible. Calculate his annual premiums. How much would the Smith's house cost in the City of Winnipeg if they have to pay $464 per year for a comprehensive insurance package? Manitoba Homeowner's Insurance Rates ($500 deductible): Boeckh Calculator Amount Metro Winnipeg Area 2 Area 3 Area 4 Standard Comprehensive Standard Comprehensive Standard Comprehensive Standard Comprehensive $ 50,000 195 214 147 161 196 216 261 287 $ 55,000 216 238 160 176 217 239 289 318 $ 60,000 237 260 173 190 237 261 315 347 $ 65,000 252 277 187 205 255 281 339 373 $ 70,000 266 303 200 220 270 297 359 395 $ 75,000 294 324 210 231 285 314 379 417 $ 80,000 310 323 221 243 302 332 402 438 $ 85,000 318 333 226 249 313 344 416 462 $ 90,000 324 349 231 254 324 356 431 474 $ 95,000 348 370 244 268 345 380 459 505 $100,000 364 393 260 286 361 397 480 528 $105,000 390 417 278 306 378 416 503 553 $110,000 402 441 293 322 393 432 523 575 $115,000 418 464 299 329 409 450 544 598 $120,000 436 487 309 340 424 466 564 620 $125,000 451 510 319 351 444 488 591 650 $130,000 472 543 339 373 466 513 620 682 $135,000 498 557 345 380 477 525 634 697 $140,000 523 580 358 394 496 546 660 726 $145,000 538 596 375 413 508 559 676 744 $150,000 550 604 385 424 520 572 692 761 $155,000 557 613 398 438 551 606 733 806 $160,000 565 622 413 454 569 626 757 833 $165,000 572 629 425 468 589 648 783 861 $170,000 590 647 441 485 609 670 810 891 $175,000 607 668 451 496 624 686 830 913 $180,000 620 686 466 513 648 713 862 948 $185,000 636 702 478 526 667 734 887 976 $190,000 652 717 492 541 705 776 938 1032 $195,000 678 742 504 554 720 792 958 1054 $200,000 692 771 519 571 726 799 966 1063 Additional Amounts Add: $3.15 Add: $3.50 Add: $2.75 Add: $3.03 Add: $3.55 Add: $3.91 Add: $4.72 Add: $5.19 per $1000 coverage $200 deductible-Increase premium by 10%
Expert Answer:
Answer rating: 100% (QA)
To calculate the annual premium for the home worth 350000 with standard coverage and a 200 deductibl... View the full answer
Related Book For
Entrepreneurship Successfully Launching New Ventures
ISBN: 9780132555524
4th Edition
Authors: Bruce R. Barringer, R. Duane Ireland
Posted Date:
Students also viewed these finance questions
-
1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
A local university is considering changes to its class structure in an effort to increase professor productivity. The old schedule had each professor teaching 5 classes per week, with each class...
-
If trihalomethanes are easily removed from water by aeration (bubbling with air), what does this imply about the vapor pressure of THMs compared to water?
-
Milestone One: Time Value of Money * Dollar amounts are in millions $ (please fill in YELLOW cells) Question 1. Interest Rate FCF Years FCF in dollars* Py* 5% Instructions and Explanations 2022 2021...
-
Given the growing popularity of video games among young people, one study examined how women are portrayed in these games (Dietz, 1998). Dr. Dietz was particularly interested in whether video games...
-
What if you conducted a PAQ analysis that indicated that the Wonderlic was a valid test for this job? Do you believe that this result establishes the legality of the Wonderlic? Given that the...
-
Compute the accumulated sum of the following payments: (a) $400 every six months for 4 years at 8% compounded semi-annually (b) $250 per month for 5 years at 7.5% compounded monthly.
-
Based on the Bank of Mexico's goal of an annual inflation rate of 4.0%, what should the monthly salary of a person be by 2023, if in 2018 they obtained a salary of $ 15,340 per month AND the salary...
-
Julio and Gloria are officers of World Export Corporation. As corporate officers, their rights are set out in a. state corporation statutes. b. World Exports certificate of authority. c. their...
-
Inez files an employment discrimination suit against Jiffy Delivery Service, under Title VII of the Civil Rights Act, based on Jiffys discharge of Inez. If Inez prevails in her prima facie case, one...
-
Meg wants to give Lori a pair of diamond earrings that Meg has in her safe-deposit box at First National Bank. Both Lori and Meg are signatories for that safe deposit box. Meg gives Lori the key to...
-
An automatic stay is a suspension of all judicial proceedings on the occurrence of an independent event. (True/False)
-
Benas files a bankruptcy petition under Chapter 7 to have his debts discharged. If Benas plan is approved, the debts most likely to be discharged include claims for a. back taxes accruing within...
-
We Do Bankruptcies is a law firm that specializes in providing advice to firms in financial distress. It prospers in recessions when other firms are struggling. Consequently, its beta is negative,...
-
For the following exercises, write the first four terms of the sequence. a n = 2 n 2
-
Based on the photographs in Figure 26.13, in which segment(s) is the Antp gene normally expressed? Figure 26.13: (a) Normal fly (b) Antennapedia mutant
-
The bush baby, a small African mammal, is a remarkable jumper. Although only about 8 inches long, it can jump, from a standing start, straight up to a height of over 7 feet! Use the particle model to...
-
Your friend Travis claims to have set the new world speed record for riding a unicycle. His top speed, he says, was 55 m/s. Do you believe him? Explain.
Study smarter with the SolutionInn App