Laura Bains lives in an apartment in San Francisco and her landlord requires her to have renters insurance to protect her personal property. She has an OCC credit rating and elects to purchase a policy that will cover $40,000 in personal property and $500,000 in liability. She will have a deductible of $1,000. Laura also selects an endorsement of $3,000 for jewelry and $2,500 for her collectibles. Find her annual renters insurance premium?