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Simple underwriting:- Fire insurance policy with total sum insured US dollars 1,000,000 (one million)?

premium rate1 %0( one per mile) and excess2%( two per cent). How much will be :-

1/ Gross premium.

2/ Claim payable for total loss.

3/ What is the suitable warranty .

Best wishes.                                             

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Question added by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company
Date Posted: 2018/02/28
Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

1/ Gross premium Us dollar 1,000 ( one thosund ).

2/ Claim payable 800,000 ( eight hundrad thosund )

3/ Warranty :- Fire extinguishers must be in operational condition , installed and well distributed.

Very best wishes.

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