As an insurance agent, you are asked by Oceana Industries for a quote on the total annual premium for property insurance on a new warehouse in the amount of $975,000. The building is structural classification C and area rating 3. In addition, Oceana will require contents insurance in the amount of $2,100,000. What is the amount of your quote? (Use Table 19-4 from your text)

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The Answer of As an insurance agent, you are asked by Oceana Industries for a quote on the total annual premium for property insurance on a new warehouse in the amount of $975,000. The building is structural classification C and area rating 3. In addition, Oceana will require contents insurance in the amount of $2,100,000. What is the amount of your quote? (Use Table 19-4 from your text)

As an Insurance Agent, You Are Asked by Oceana Industries