Assume the Burns family of Philadelphia, Pennslyvania purchased their home in 2012 for $200,000. Since then, comparable homes in their neighborhood have most recently sold for $350,000. The cost to replace the home would be $400,000. It is estimated that the house is 1/3 depreciated. The Burns's have a $380,000 (face amount coverage A) Homeowners policy in force, similar to the policy shown in the Appendix. Answer the following questions as if each question were a separate event. 1) How much will the Burns's collect for a total covered fire loss under coverage A? 2) How much will be collected for a $50,000 partial loss under coverage A? 3) What would be your answers to questions 1 and 2 above if the Smith's had only $200,000 of insurance of Coverage A? a. question 1 b. question 2