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1. Your TV is stolen. You bought the TV 3 years ago for $570 but because of its age, it is worth only $425. Similar

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1. Your TV is stolen. You bought the TV 3 years ago for $570 but because of its age, it is worth only $425. Similar new TVs are selling for $650. Assuming that you have coverage for theft, with a $500 deductible, what amount will you receive from the insurance company if reimbursement is based on replacement cost? 2. Security Insurance Company cancels Jay Paul's homeowner's policy. Based on an annual premium of $620, 145 days of protection before cancellation, and a 365-day year for prorating, what amount will be refunded

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