1) Ludovic was thinking about putting his home on the market when it was partially destroyed by a fire. His home has a replacement cost of $500,000, but his insurance coverage totals $380,000 in replacement cost. The fire caused $250,000 worth of damage to Ludovic home. Note that Ludovic did not purchase sufficient insurance coverage equal to at least 80% of the houses total replacement value. What amount would the insurance company cover due to this fire damage?

2)Les and Liz are purchasing their first home today and looking to withdraw from their Registered Retirement Saving Plans (RRSPs) for the down payment under the Home Buyers Plan (HBP). To date, Les has contributed $25,000 while Liz has contributed $37,000. With the downturn in the markets, as of today, April 29, 2020, the market value of Les RRSP is at $24,322 and Lizs is at $35,798. What is the maximum amount they can withdraw today from their respective RRSPs to put towards their down payment on a home under the HBP? Note for withdrawals made after March 19, 2019, each can withdraw up to a maximum of $35,000 from their own RRSP.