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.
Cindy needs a $20,000 renters insurance policy and has selected the $1,000,000 liability with $500 deductible. The insurance company has determined her credit is excellent and has given her the "good" credit rate. If she adds an endorsement to insure $5000 worth of jewelry and the options of
and sewer/sump pump backup protection for her basement, find her annual premium.
◦ $306.50
◦ $291.50
◦ $231.50
◦ $407.50
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