1. Larry recently had a fire at his home. The fire caused about $20,000 of damage to the dwelling. The garage which was detached was valued at $15,000 was totally destroyed but did not have the car in it at the time of the fire. Replacement of Larrys personal property damaged in the home and garage amounted to $16,500. In addition $500 in cash and a baseball card collection valued at $4,000 were destroyed. During the time the damages were being repaired, Larry stayed in a motel for one week and spent about $1,500 on food and lodging. The house had a value of $200,000 and was insured for $160,000 under an HO-3 policy with a $500 deductible.

1. Assuming that the deductible was applied to the damage to the dwelling, calculate the amount covered by insurance and the amount Larry must pay for each loss listed: the dwelling, the garage, the cash and baseball card collection, and the extra living expenses.
2. How much of the amount of personal property loss would be covered by the insurance policy? Paid for by Larry?