IUIlty $120,000 chapter. The limits are as follows: UUSdPlbed $12,000 $60,000 $24,000 $100,000 S5,000 The replacement cost of Bill's home is $130,000, the contents are valued at $70,000, and depreciation on the is set at 30 percent. Your assignment is to compute the amount Bill will collect in each of the following 120,000 ircumstances. (Assume each occurs separately. Bill s house and allits contents are destroyed by a tornado. It takes 6 months to rebuild the home, and Bill's additional living expenses amount to $12,000 aco- GOOOO coverage Additional coverage D 2. neighbor's year old child accidentally releases the brakes on his family's sending it crashing into Bill's home. Damage to the home amounts to $15,000. truck is The destroyed. It's actual cash value before the loss was $22,000. The child and Bill both suffer broken arms. Medical expenses amount to $5,000 for each person Domoge too ho ISJOOO is free most they could get. Wound be covered under 3. Bills unattached tool A. be shed burns, destroying the shed (damage- s7,000) and the lawn-care equipment inside (damage S3,000). 4. Bill negligently starts a fire while cooking. His home and all the contents are a total loss. It costs Bill an additional $14,000 to live in a rental home while his is being rebuilt. 5. Bill negligently burns some leaves and causes his neighbors house to burm (damage S170,000). While playing golf, Bill's sliced drive hits another golfer, knocking him out. Bill yelled a warning before the victim, Bob, was hit. Bob claims not to have heard the warning, and sues Bill for $60,000 in medical expenses, $6,000 in lost wages, as he couldn't perform his clerical work IUIlty $120,000 chapter. The limits are as follows: UUSdPlbed $12,000 $60,000 $24,000 $100,000 S5,000 The replacement cost of Bill's home is $130,000, the contents are valued at $70,000, and depreciation on the is set at 30 percent. Your assignment is to compute the amount Bill will collect in each of the following 120,000 ircumstances. (Assume each occurs separately. Bill s house and allits contents are destroyed by a tornado. It takes 6 months to rebuild the home, and Bill's additional living expenses amount to $12,000 aco- GOOOO coverage Additional coverage D 2. neighbor's year old child accidentally releases the brakes on his family's sending it crashing into Bill's home. Damage to the home amounts to $15,000. truck is The destroyed. It's actual cash value before the loss was $22,000. The child and Bill both suffer broken arms. Medical expenses amount to $5,000 for each person Domoge too ho ISJOOO is free most they could get. Wound be covered under 3. Bills unattached tool A. be shed burns, destroying the shed (damage- s7,000) and the lawn-care equipment inside (damage S3,000). 4. Bill negligently starts a fire while cooking. His home and all the contents are a total loss. It costs Bill an additional $14,000 to live in a rental home while his is being rebuilt. 5. Bill negligently burns some leaves and causes his neighbors house to burm (damage S170,000). While playing golf, Bill's sliced drive hits another golfer, knocking him out. Bill yelled a warning before the victim, Bob, was hit. Bob claims not to have heard the warning, and sues Bill for $60,000 in medical expenses, $6,000 in lost wages, as he couldn't perform his clerical work