# Probably an weasy thing for anyone else on here except me, BUT

• Aug 23rd 2007, 10:10 AM
styleandease
Probably an weasy thing for anyone else on here except me, BUT
I need to know a formula to figure my insurance premiums based on a risk rate.
For a \$50,000 owners policy, I need to charge 30.00 (cents) per thousand.
I get \$150...I just want to make sure that is correct....
I mean easy, not weasy, lol
• Aug 23rd 2007, 10:11 AM
janvdl
Quote:

Originally Posted by styleandease
I need to know a formula to figure my insurance premiums based on a risk rate.
For a \$50,000 owners policy, I need to charge 30.00 (cents) per thousand.
I get \$150...I just want to make sure that is correct....
I mean easy, not weasy, lol

I get \$15.

You have 50 thousands, multiplied by 0.3
Which will give you the amount in dollars.
• Aug 23rd 2007, 10:14 AM
styleandease
well, thats a pretty cheap owners policy. I assumed I had my decimal point incorrect....these are minimum charges, so the actual risk is probably only 15 bucks. thanks a lot for your help
• Aug 23rd 2007, 10:17 AM
janvdl
Quote:

Originally Posted by styleandease
well, thats a pretty cheap owners policy. I assumed I had my decimal point incorrect....these are minimum charges, so the actual risk is probably only 15 bucks.

Well yes it is only 30 cents per thousand so... :D

Quote:

Originally Posted by styleandease
thanks a lot for your help

You're welcome :)