Eric and Susan just purchased their first home, which cost $164,000. They purchased a homeowner's policy to insure the home for $154,000 and personal property for $92,000. They declined any coverage for additional living expenses. The deductible for the policy is $500. Soon after Eric and Susan moved into their new home, a strong windstorm caused damage to their roof. They reported the roof damage to be $25,500. While the roof was under repair, the couple had to live in a nearby hotel for three days. The hotel bill amounted to $660. Assuming the insurance company settles claims using the replacement value method, what amount will the insurance company pay for the damages to the roof? X Answer is complete but not entirely correct. Insurance covered amount $ 23,445 X Eric and Susan just purchased their first home, which cost $164,000. They purchased a homeowner's policy to insure the home for $154,000 and personal property for $92,000. They declined any coverage for additional living expenses. The deductible for the policy is $500. Soon after Eric and Susan moved into their new home, a strong windstorm caused damage to their roof. They reported the roof damage to be $25,500. While the roof was under repair, the couple had to live in a nearby hotel for three days. The hotel bill amounted to $660. Assuming the insurance company settles claims using the replacement value method, what amount will the insurance company pay for the damages to the roof? X Answer is complete but not entirely correct. Insurance covered amount $ 23,445 X