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Math Help - Probably an weasy thing for anyone else on here except me, BUT

  1. #1
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    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
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  2. #2
    Bar0n janvdl's Avatar
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    Quote Originally Posted by styleandease View Post
    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.
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  3. #3
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    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
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  4. #4
    Bar0n janvdl's Avatar
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    Quote Originally Posted by styleandease View Post
    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...

    Quote Originally Posted by styleandease
    thanks a lot for your help
    You're welcome
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