You own a house along a river that floods severely and destroys the house once every...
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You own a house along a river that floods severely and destroys the house once every 20 years. If your house is worth $210k, what would be your annual insurance premium in dollars? You also have the option to build a seawall to lower the odds of your house being destroyed by a flood. If the seawall makes the likelihood of the destructive flood become once every 80 years, what should be your insurance premium? You own a house along a river that floods severely and destroys the house once every 20 years. If your house is worth $210k, what would be your annual insurance premium in dollars? You also have the option to build a seawall to lower the odds of your house being destroyed by a flood. If the seawall makes the likelihood of the destructive flood become once every 80 years, what should be your insurance premium?
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To calculate your annual insurance premium you need to consider the expected cost of replacing your ... View the full answer
Related Book For
Financial Markets And Institutions
ISBN: 978-0132136839
7th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
Posted Date:
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