Reynaldo is a landlord who owns several rental homes. One all-wood home in the suburbs is worth $95,000. Because the renters insure their own
belongings, what is the premium Reynaldo pays for property insurance per
year?
Annual Premium per $100 of coverage
Brick
Steel
Mixed
Wood
Area
Building Contents Building Contents Building Contents Building Contents
rating
City 0.39 0.43 0.5 0.54 0.55 0.65
0.76
Suburb 0.45 0.52 0.56 0.63 0.72 0.74 0.83 0.85
Rural
0.6 0.69 0.71 0.8 0.89 0.91 1
1.02
0.66
A. $788.50
OB. $978.65
C. $950.00
D. $852.00