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Homeowners Insurance

Total questions: 12

Worksheet time: 36mins

Name
Class
Date
1.

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)  

2.

Replacement cost is $100,000

Insured at 80%

Wood frame, protection class 5

(a)  

3.

Replacement cost is $200,000

Insured at 75%

Brick, protection class 11

(a)  

4.

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

(a)  

5.

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

(a)  

6.

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)  

7.

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)  

8.

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)  

9.

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)  

10.

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)  

11.

The McCallister's own a brick home with a market value and replacement value of $500,000. they insured their home for 80% of its replacement value. The McCallister's live in an area where the rate of assessment is 40%, the tax rate is 42.38 mills and the fire protection is rated class 10. They have a $1,439 monthly mortgage. How much is the monthly payment for the mortgage, real estate taxes and insurance?

(a)  

12.

Sarah and Tom Haluska own a wood-framed home with a market value and replacement value of $120,000. they insured their home for 50% of its replacement value. The Haluska's live in an area where the rate of assessment is 40%, the tax rate is 26.58 mills and the fire protection is rated class 9. They have a $647 monthly mortgage. How much is the monthly payment for the mortgage, real estate taxes and insurance?

(a)