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Ralph Said:

The annual premium on a fire insurance policy for $12,000 is $22.80. The premium rate per $100 is?

We Answered:

The annual premium is $22.8 for $12000,then the premium
for $1.00 is $22.8/12000=$0.0019. Then for $100.00 is
$0.0019*100=$0.19. That is to say, the annual rate is 0.19%

Dora Said:

What is "guaranteed issue at community rate" and how will it affect my health insurance premium?

We Answered:

Read the link below.

http://economix.blogs.nytimes.com/2010/0…

Nellie Said:

can i avoid a owners insurance claim by fixing the damage before the damage is assessed?

We Answered:

Ok, your neighbor is actually shooting himself in the foot and it will come back to bite him.

His mistake was filing on such a petty claim, even if the claim is denied or not paid, they still treat it as a claim. Insurance companies will cancel you based on the NUMBER of claims you file, not the dollar amounts they pay out.

If he files it on his insurance (he can't file it on yours), how does that affect your rate increase?