Question: 1. A frame home and its contents are located in zone 1 and are insured for $150,000. Find the total annual insurance premium if the insured has a credit rating of OCC and chooses a deductible of $1,000.
2. Chandler Burford owns a masonry home located in zone 2. What is the annual homeowners insurance premium if the home is insured for $350,000, the owner has an OCC credit rating and chooses a deductible of $1,000. The homeowner also has endorsements for a $2,000 watch and portable tools valued at $3,500