Homeowners Insurance

The replacement value of Joe Cruce's home is $200,000. He has insured his home for 60% of its replacement value. The home is of wood-frame construction and has been rated in fire protection class 7. What is the annual premium?

(a)  

Tags

CCSS.HSS.MD.B.6

CCSS.HSS.MD.B.7

Replacement cost is $100,000

Insured at 80%

Wood frame, protection class 5

(a)  

Tags

CCSS.7.EE.A.2

CCSS.HSA.SSE.A.2

Replacement cost is $200,000

Insured at 75%

Brick, protection class 11

(a)  

Tags

CCSS.HSS.MD.B.6

CCSS.HSS.MD.B.7

The Campbell's $50,000 wood frame house. A $40,000 homeowners policy. Fire protection class 8. What is the annual premium?

(a)  

Tags

CCSS.6.RP.A.3B

The Kim Young's $100,000 brick home. A $80,000 homeowners policy. Fire protection class 11. What is the annual premium?

(a)  

Tags

CCSS.6.RP.A.3B

The Smith's own a wood-frame home in an area rated fire protection class 1. Their two-family home has replacement value of $250,000 and is insured for 80%. What is their annual premium?

(a)  

The Quigg's own a brick home that has a replacement value of $375,000. They purchased a homeowners policy for 80% of its replacement value. they live in an area rated fire protection class 9. What is their annual policy premium?

(a)  

Tags

CCSS.6.RP.A.3C

The Quigg's own a brick home that has a replacement value of $375,000. They purchased a homeowners policy for 80% of its replacement value. they live in an area rated fire protection class 11. What is their annual policy premium?

(a)  

Tags

CCSS.HSS.MD.B.6

CCSS.HSS.MD.B.7

Nelia and Gary Penn own a brick home with a market value and replacement value of $150,000. they insured their home for 100% of its replacement value. The Penn's live in an area where the rate of assessment is 35%, the tax rate is 51.58 mills and the fire protection is rated class 6. They have a $785 monthly mortgage. How much is the monthly payment for the mortgage, real estate taxes and insurance?

(a)  

Tags

CCSS.7.RP.A.3

The Ruetger's own a wood-framed home with a market value and replacement value of $250,000. they insured their home for 80% of its replacement value. The Ruetger's live in an area where the rate of assessment is 60%, the tax rate is 27.52 mills and the fire protection is rated class 10. They have a $1,038 monthly mortgage. How much is the monthly payment for the mortgage, real estate taxes and insurance?

(a)  

Tags

CCSS.7.RP.A.3