1. Calculate Premium
Fire insurance provides coverage against the financial consequences of a fire. The insured receives a benefit when there has been a fire, but the insured also receives a benefit when there is water damage caused by firefighting.
Premium is per annum
|Policy costs||USD 5.00|
Including 8% O.B. and policy fees.
Also note that the involved is an indicative premium calculation. They can be derived from any rights and such. The final premium may be influenced by, for example, customer discounts or market conditions.