A house with a replacement value of $110,000 is currently insured for $90,000. The house has suffered a $15,000 loss from windstorm damage. The insurance company will pay the full $15,000 less the deductible. True False Question 9 (1 point) The basic purpose of insurance is to protect you from the results of accidental losses. True False Question 10 (1 point) The need for additional life insurance can be determined by looking at the difference between available resources and family monetary needs. True False