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15 November, 18:35

David bought 50/100/25 policy with a $500 deductible on collision and $500 deductible on comprehensive coverage.

If the base premiums are $310, $175, $148, and $85, respectively, how much is his total base premium if her rating factor is 2.15?

$1,543.70

$1,254.50

$718.00

$324.22

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Answers (1)
  1. 15 November, 18:47
    0
    The correct option as computed in the step-by-step explanation section below is $718, the third option

    Step-by-step explanation:

    The total base premium payable by David on the 50/100/25 policy is the sum of the base premiums put together.

    The base premiums are $310,$175.$148 as well as $85

    Total base premiums=$310+$175+$148+$85=$718

    The correct option then is the third which is the same as the total computed base premiums.
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