Question: Tim Navholtz needs a $20,000 renters insurance policy and has selected the $1,000,000 liability with $1,000 deductible. The insurance company has determined his credit is excellent and has given him the "good" credit rate. If he adds an endorsement to ensure $12,000 of jewelry and the options of identity theft/protection and sewer/sump pump backup protection for his basement, find his annual premium.