ASSUME the Finch family of Charlotte , North Carolina purchased their home in 1965 for $ 42, 000 . Since then , comparable homes in their neighborhood have most recently sold for $84,000 . The Cost to replace the home would be $ 75, 000 . It is Estimated that the house is one - third depreciated . The Finchs have a GOD, Odd ( 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 & SEPARATE EVENT 1] How much will the Finchs collect for a total coverEd FIVE Loss Under COVERage A ?" 21 How much will be collected for a 5 20, 000 partial loss under coverage A ?" 3] That would be Your answers to questions 1 and 2 above if the Finchs had only $47, 000 of insurance of Coverage A ?" 4] That would be Your answers to questions 1, 2 and 3 above if there is a $1, 000 deductible On