David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling, which has a current replacement value of $400,000. Briefly explain whether the loss is covered under the policy. Indicate which part of David's homeowner policy covers the loss. How much, if any, will the policy pay? a. Ignoring any deductible, how Such will David collect if a kitchen with a replacement value of $24,000 but an actual cash value of $18,000 is destroyed in a fire? b. David accidentally fell off the roof of a house that he was painting and injured his leg. He incurred medical expenses of $3,000. c. He has a pet basset hound, Huey. Huey is a friendly, docile dog and loves people. One morning, David carelessly left the backyard gate open, and Huey escaped from the fenced yard. A neighbor tried to catch the dog, and Huey bit him on the hand and leg. The neighbor incurred medical bills of $800. David is later sued by the neighbor for $50,000 when the dog bite became infected and did not heal. David has a Homeowners 3 policy that provides $280,000 of insurance on his dwelling, which has a current replacement value of $400,000. Briefly explain whether the loss is covered under the policy. Indicate which part of David's homeowner policy covers the loss. How much, if any, will the policy pay? a. Ignoring any deductible, how Such will David collect if a kitchen with a replacement value of $24,000 but an actual cash value of $18,000 is destroyed in a fire? b. David accidentally fell off the roof of a house that he was painting and injured his leg. He incurred medical expenses of $3,000. c. He has a pet basset hound, Huey. Huey is a friendly, docile dog and loves people. One morning, David carelessly left the backyard gate open, and Huey escaped from the fenced yard. A neighbor tried to catch the dog, and Huey bit him on the hand and leg. The neighbor incurred medical bills of $800. David is later sued by the neighbor for $50,000 when the dog bite became infected and did not heal