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

1. ## 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

2. 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.

3. 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

4. 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...

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