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Bob has a homeowner's policy. His home is damaged by fire and, consequently, he is forced to move to temporary quarters. The temporary quarters is

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Bob has a homeowner's policy. His home is damaged by fire and, consequently, he is forced to move to temporary quarters. The temporary quarters is consistent with his standard of living. Two months are required to restore the dwelling to habitable condition. The following expenses are incurred at the temporary quarters: A. B. C. D Rent Water Electric Telephone -$395/month -$17/month -$90/month $12.50/month and $15/installation fee The mortgage payment on his home is $360 per month. Bob must continue to make his mortgage payment while his home is being restored. His water bill was $15 per month and his electric bill was $140 per month. These utilities are shut off while his home is being restored. His telephone as $12.50 per month. This expense will not be incurred during the period in which his home is being restored. Also, when Bob moves back into his home, he will not be required to pay an installation fee. How much will Bob collect under additional living expense coverage? Top receive any credit, you must explain how you arrived at your answer. (4pts)

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