Hi,

Please assist with the following questions:

1)

How much would a homeowner receive with actualcash-value coverage and replacement cost coverage for athree-year old sofa destroyed by afire? The sofa would cost $1,150 to replacetoday, whereas it cost $975 three yearsago, and it has an estimated life of six years.

2)

JerryCarter's home is currentlyvalued, on a replacement costbasis, at $441,000. When he last checked hispolicy, his home was insured for $339,549 and he did not have an inflation guard endorsement. If he has a $32,051 claim due to a kitchenfire, how much will hishomeowner's insurance policypay? How much would be paid if his home were totallydestroyed? In order to obtain full replacementcoverage, how much insurance should Jerry carry on hishouse?

3)

Carmen Viers lost everything to a fire and has spent the last eight weeks living in a motel room at a cost of $8,272. Herdwelling, which was destroyed as a result of a lightningstrike, was insured with anHO-2 policy for $380,712. Prior to theloss, her home was valued at $432,000, her detached garage and poolhouse were valued at $46,482, and her personal property had an actual cash value of $142,963. To make matters worse she sustained$10,000 in injuries whiletrying, unsuccessfully, to save her three Greyhound dogs valued at$6,000 each. How much of her total losses and expenses will be reimbursed if she has a$1,000 deductible?