Calculate the Building, Contents, and Total Property Insurance Premium for the Following

question 102

Short Answer

Calculate the building, contents, and total property insurance premium for the following policy. $\begin{array}{lllllll}\text { Area } & \text { Structural } & \text { Building } & \text { Building } & \text { Contents } & \text { Contents } & \text { Total } \\\text { Rating } & \text { Class } & \text { Value } & \text { Premium } & \text { Value } & \text { Premium } & \text { Premium }\\\hline2\text {B}&\$618,000&&\$120,000&&\end{array}$

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Definitions:

Impersonal Communication

Communication where the interactions are formal, lack personal involvement, and are often structured, typically found in business or professional settings.

Clarify

To make a statement or situation less confused and more comprehensible.

Vague

Lacking clarity or precision in thought or expression; not clearly expressed or easily understood.

Sender

The individual or entity that initiates a message or communication, intending for it to be received and understood by one or more recipients.