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Assume that Sandra Rice owns a HO - 3 policy for his home. The limits set in his policy are provided below: Type Coverage A

Assume that Sandra Rice owns a HO-3 policy for his home. The limits set in his policy are provided below:
Type Coverage A Coverage B Coverage C Coverage D Coverage E Coverage F
Limit $120,000 $12,000 $60,000 $24,000 $100,000 $5,000
A $350 deductible applies to Section 1, Coverages A, B, and/or C. The replacement cost of Sandras home is $130,000, the contents are valued at $70,000, and the home is 30 percent depreciated. Compute the amount that Sandra will collect in each of the following circumstances and assume that each event occurs independently. Note: a deductible will only apply if losses are less than the coverage limit.

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