For each of the scenarios that follow, indicate either (1) which of Lorenzo's curren that would protect him against the loss described. A flood destroys the basement of the home, causing $20,000 worth of damage. Vandals destroy the shed in his backyard; the damages total $5,800. The camera is stolen from inside his car. In addition to these policies, Lorenzo is considering an umbrella liability insurance polic Which of the following statements regarding umbrella policies is true? If Lorenzo's mother-in-law trips on a broken step on his porch and suffers Injuries umbrella policy will cover the difference between the total cost and what the HO-1 The cost of the additional umbrella policy is extremely high; therefore, it is worth it Ir Lorenzo's house is destroyed by a peril not listed under the HO-1 named penis, NO 22 MacBook Air *** 0 20 FI F2 F3 # 3 A LA % 5 6 7 2 Larry recently purchased a $96,000 broad form HO-2 policy with no deductible. A year later, his roof is damaged by a windstorm and he suffers a loss of $76,800. ed If the replacement value of Larry's house is 160,000 and the insurance policy includes a replacement cost requirement of 80%, he will receive a reimbursement of