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9. David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling, which has a current replacement value of $350,000. Ignoring

9. David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling, which has a current replacement value of $350,000. Ignoring any deductible, how much will David collect if an awning with a replacement value of $24,000 but an actual cash value of $18,000 is destroyed in a fire? $18,000 $20,000 $11,000 $22,000 (e) $24,000

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