Homeowners Breakdown Question: (9 points) Your Dwelling is insured for $500,000, what amounts apply to: Other Structures _________________________________ Personal Property ________________________________ Loss of use _____________Homeowners Policy Application Questions: (3 points each) 1. Your house is insured on an unendorsed HO-3 Policy with a limit of $225,000. on the dwelling. The personal liability limit is $300,000. Replacement cost for this dwelling is $250,000, and the deductible on this policy is $500.00. What amount, if any, will this policy pay for the following losses? Show your calculations or explain your answers. a. A tornado causes $5,400.00 in replacement cost damage to your dwelling. The actual cash value (depreciated value) of the damage is $4,500. b. A thief steals Ms. Homeowners purse. The value of the purse is $50.00, and it contained $100.00 in cash and a cell phone valued at $750.00. c. Thieves steal your bicycle. The replacement cost is $1,000.and the actual cash value is $800.00. d. The radio antenna and stereo system for your automobile is struck by lightning and the repair cost will be $800.00. e. A bathroom tub overflows, causing $3,000. in damages to your dwelling, and $2,000. to personal property. The personal property has an actual cash value of $2.000. f. Personal property is stolen from your hotel room. The items consisted of clothing and luggage with an actual cash value of $650. and a replacement cost of $1,000. g. Your pit bull escapes from your yard and eats the neighbors cat. This cat was a show cat with a value of $100,000. h. You served contaminated chicken at a house party; one guest became seriously ill and sues you for $60,000. i. You are an architect. This is your profession. The roof of an addition that you designed for a clients home collapsed. This client claims the collapse was the result of your faulty design and your negligence. The cost to rebuild the destroyed addition is $40,000, and the client wants you to pay that amount. j. You purchase a moped and drive it to the mall, which is five miles from your home premises. While riding through the mall parking lot you strike a little old lady in the crosswalk. She sues you for $20,000.