Art bought 25/50/100 liability with a $250 deductible on collision and $250 deductible on comprehensive coverage. If the base pr
emiums are $220, $375, 185, and 102, respectively, how much is his total base premium?
1 answer:
Total base premium = Summation of all base premiums
Base premiums are derived from insurance tables. For instance, 25/50 = $220 (body injury), 100 = $375 (property damage), At liability $250 = $185 and At comprehensive $250 = $102. Refer to figures attached.
That is,
Total base premium = 220+375+185+102 = $882
Base premiums are derived from insurance tables. For instance, 25/50 = $220 (body injury), 100 = $375 (property damage), At liability $250 = $185 and At comprehensive $250 = $102. Refer to figures attached.
That is,
Total base premium = 220+375+185+102 = $882
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