09: Patrick has a PAP with liability limits of $50,000/$100,000/$25,000. Patrick failed to stop at a red light and hit a van. The van sustained damages of $15,000. Three passengers in the van were injured and incurred the following bodily injuries: Passenger A, $15,000 Passenger B, $60,000 Passenger C, $10,000 Patrick was also injured and incurred medical bills of $10,000. His car sustained damages of $10,000. Because of his injury, Patrick was unable to work and lost $5000 in wages. How much will Patrick's insurer pay under the liability coverage (Part A) section of his PAP? Explain your answer. Q10: Todd has his home and personal property insured under a Homeowners 3 (special form) policy. The dwelling is insured for $120,000. The replacement cost of the home is $200,000. Indicate the extent to which each of the following losses would be covered under Todd's Homeowners 3 policy. (Ignore the deductible.) a. Lightning strikes the roof of the house and severely damages it. The actual cash value of the damaged roof is $10,000, and it will cost $16,000 to replace the damaged portion. b. A living room window is broken in a hailstorm. The drapes are water stained and must be replaced. The actual cash value of the damaged drapes is $400. Replacement cost is $600. c. The water heater explodes and damages some household contents. The actual cash value of the damaged property is $2,000, and the cost of replacing the property is $3,200