Sally and Chuck have homeowner's insurance through the Online Insurance Company (see document under case study module in D2L). Sally has jewelry valued at $10,000. Chuck has a coin collection valued at $15,000 and a motorboat valued at $20,000. Explain whether the following losses would be covered and for how much (ignore the deductible). If the loss is covered, explain which coverage applies. If the loss is not covered, or not fully covered, explain why. a. A nearby river overflowed it's banks and got into Sally's house. It will cost $8,000 to repair the damage to her hardwood floors and $3,000 to replace the carpet. b. They came home after a night at the movies with their kids and found the house had been burglarized. All of Sally's jewelry was gone, as well as Chuck's coin collection. They had also stolen an iPad ($600), TV ($450) and an headphones ($400). c Lightning hit a very large tree in the neighbor's yard causing it to fall onto Sally's property The tree did damage to Sally's fence that will cost $750 to repair, and it did $2,500 damage to her roof. d Chuck's boat was totally destroyed in a strong windstorm while parked in their driveway