MAndy purchased an unendorsed ISO Homeowners 3 policy. Her "Coverage A" limit (insurance on the Dwelling) is $220,000. How will the following claims be settled?

1. The roof of Mandy's home was damaged by a strong wind. The replacement cost of the damage less depreciation was $6,000. The replacement cost of the damage was $8,000.Mandy's home was valued at $300,000 at the time the roof was damaged. a $500 deductible applies to this loss. How much will the insurer pay Mandy to settle this claim? (2 points)

b. A spark from the fireplace started a fire in Mandy living room. The fire destroyed Mandy living room set - a couch and two chairs. The living room set cost $4,000 when it was purchased, and it was worth $3,000 at the time of the loss because of depreciation. A comparable replacement living room set will cost $4,200. How much will the insurer pay to settle this claim? a $500 deductible applies to this loss. (2 points)