Assignment: Chapter 10 Protecting Your Property Cho is the owner of a 30-year-old home, and is looking to buy a homeowner's insurance policy. The previous home she owned was severely damaged by a tree falling through the roof, a peril that was not covered by her basic-form policy, therefore she is looking to buy a comprehensive policy that covers damage from all perils (except those specifically excluded). Based on the peril coverage it offers, she purchases an insurance policy. Her home has a replacement value of $350,000, therefore she insures her home for the minimum legal requirement of $ Assuming she does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maximum dollar value of reimbursement she can receive for each of the following: Damage to personal property: Detached buildings: $ $ Loss of Use (Additional living expenses): $ I Property damage: $ Insuring While Away at College Cho's son, Bob, is a college student living in a campus dormitory. He drives a car that she parks on the street and wants to make sure the full value is insured. Which of the following statements regarding Bob's insurance needs are true? Check all that apply. He should tell the insurance agency that he parks in a garage to save money on premiums Bob should purchase an HO-4 broad form insurance policy because he is not covered under his parents' policy. His property is covered up to 10% of the coverage on the home