Frances is the owner of a $30-$year$-$old home, and is looking to buy a homeowner's insurance policy. The previous home she owned was severely

damaged by a tree falling through the roof, a peril that was not covered by her basic$-$form policy, therefore she is looking to buy a comprehensive

policy that covers damage from all perils $($except those specifically excluded$).$ Based on the peril coverage it offers, she purchases an

HO$-3>$ insurance policy.

$.$ Assuming

she does not purchase any additional coverage beyond the legal minimums, complete the following table indicating the maximum dollar value of

reimbursement she can receive for each of the following:

Damage to personal property:

Medical payments to others:

Loss of Use $($Additional living expenses$)$:

Comprehensive personal liability:

Insuring While Away at College

Frances's son, Dmitri, is a college student living in an off$-$campus apartment where he resides year round. He owns an expensive computer and wants

to make sure the full value is insured. Which of the following statements regarding Dmitri's insurance needs are true? Check all that apply.

If he purchases an HO$-4$ policy, he can choose the value of the property he wishes to insure

His computer is covered under his parents' policy

Dmitri should purchase an HO$-2$ broad form insurance policy because he is not covered under his parents' policy.

Insuring a Condominium

Frances's parents own a condominium that they fully insured for the replacement value of $$120,000.$ Last year a portion of their roof collapsed due to

the weight of snow after a severe storm, rendering the condo uninhabitable for the month that it took to complete repairs. Based on the coverage

details of their condominium form

insurance policy, the additional living expenses they incur as a result of the damage $($such as the cost of

staying in a hotel during the repairs$)$