Solve the problem using the table below.
In addition to the base coverage, options can be added including: identity theft/fraud protection-$20/yr; sewer/sump pump backup protection-$75/yr. Extended coverage endorsements include jewelry, watches, and furs-$0.85/$100/year; camera equipment-$1.35/$100/year; computer equipment-$0.95/$100/year; fine art and collectibles-$1.10/$100/year; firearms and accessories-$1.45/$100/year; and portable tools-$3.25/$100/year.
Jim is a renter and carries $40,000 insurance on his personal belongings. He selects the minimum liability with a deductible of $1000 for each claim, carries
and an endorsement of $3500 for his camera equipment. Jim has a recent bankruptcy on his record, so is credit is rated as "bad". Find his annual premium.
◦ $333.00
◦ $371.50
◦ $380.25
◦ $362.75
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