3. How Much of Hire Loss Wur te Covered? Donsid and Auth Wain of Copper Cove, 1x. recenty sullitered a fire as their home. The fre caused 5250,000 of damage to their home with a fair maxhet value (FMV) of $500,000. The Walln's carry a $500,000 replacement cost policy, 100% coverage with a HO-3 policy with a 1% deductible of the FMV of the home. Donald detached workshop, valued at $55,000 was also totaly destroyed. - Replacement of the Miters' personal property damaged in the home and warkshop amounted to $79,000. - Donald had a gun collection with a FMV of 523,000 . - $3.000 in cash Sor ersergency was lost in the fire. - While the damage was being repaired, the Wallin's rerted an apartment for 9 months for $36,000 Use Table 10-1 to arswer the following questions. (Hint: You must frst devermine whether the Walin's tave adequase dweling replacement coverage.) (a) What is the deductible for the claim? (b) How much will the insurance pay on the boene's damage? (c) How much will the insurance pay on the warkshop damage? (d) How much wall the insurance pay on the guns lost? (e) How much will the insurance pay on the $3,000 in cash for emergency lost? (f) How much will the insurance pay on the eutra iling expenses? Page 3 of 4 Aw Chapter 10 CA3ss2 Consue-er Franciei Maragement II Dr. Kim Davo Consumer Alfars Tenas State Unituraty (a) How much is the total loss out-ol pocket to the Walin's? (h) How much in total will the insurance pay of the losses