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
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.
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
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.