7. Annaliese Nuber insured the contents of her apartment for 22,500 The premium is 0.63 per 100 with a 750 deductible. Her personal property that is used away from home is insured at 10% of the policy's total coverage. Living expense coverage is 20% of the policy's total coverage. a. At what value is the personal property that she uses away from home insured? b.For what value is her living expense covered? c. What is the annual insurance premium that Annaliese pay b.

a. To find the value of the personal property that Annaliese uses away from home, we need to calculate 10% of the policy's total coverage.<br /><br />The policy's total coverage is $22,500.<br /><br />To calculate 10% of the policy's total coverage, we multiply $22,500 by 0.10:<br /><br />$22,500 * 0.10 = $2,250<br /><br />Therefore, the personal property that Annaliese uses away from home is insured for $2,250.<br /><br />b. To find the value for which her living expense is covered, we need to calculate 20% of the policy's total coverage.<br /><br />The policy's total coverage is $22,500.<br /><br />To calculate 20% of the policy's total coverage, we multiply $22,500 by 0.20:<br /><br />$22,500 * 0.20 = $4,500<br /><br />Therefore, her living expense is covered for $4,500.<br /><br />c. To find the annual insurance premium that Annaliese pays, we need to calculate the premium based on the policy's total coverage.<br /><br />The policy's total coverage is $22,500.<br /><br />The premium is $0.63 per $100 of coverage.<br /><br />To calculate the annual insurance premium, we multiply the policy's total coverage by the premium rate:<br /><br />$22,500 * ($0.63 / $100) = $141.75<br /><br />Therefore, the annual insurance premium that Annaliese pays is $141.75.