1. Sally and Chuck have homeowners insurance through the Online Insurance Company. 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.
   1. A nearby river overflowed its banks and got into Sallys house. It will cost $8,000 to repair the damage to her hardwood floors and $3,000 to replace the carpet.

2. They came home after a night at the movies with their kids and found the house had been burglarized. All of Sallys jewelry was gone, as well as Chucks coin collection. They had also stolen an iPad ($600), TV ($450) and an headphones ($400).

3. Lightning hit a very large tree in the neighbors yard causing it to fall onto Sallys property. The tree did damage to Sallys fence that will cost $750 to repair, and it did $2,500 damage to her roof.

4. Chucks boat was totally destroyed in a strong windstorm while parked in their driveway.

Total Premium for the policy period The policy period is from January 1, 20x0 at 12:01 A.M. STANDARD TIME to January 1, 20X1 at 12:01 A.M. STANDARD TIME at the residence premises. Your Vehicles Identification Numbers (VIN) Premium 1. BMW X5 WBADE632175034024 $1,416 2. FORD F-150 XL 2D 1FTLP62W4XH128703 $1,425 Total Premium for this Policy: This is not a bill. You will be billed separately. $2,841.00 Insurance is provided only where a premium entry is shown for the coverage. The premium entry "Inci" or "Pkg" means the premium charge is included in the premium for another coverage or a package Loss Payee True Blue Bank & Trust 456 Main Street Anywhere, XL 56789 VEHICLE 2 FORD F150 Coverages, Limits of Liability and Premiums VEHICLE 1 BMW X5 Part A Liability Bodily Injury $25,000 each person $50,000 each accident $218 Property Damage $15,000 each accident $205 $469 $260 AL-12345 SM (08-19) Insured Copy Page D-1 Named Insured SALLY JONES Policy Number 600789 1239 Policy Period January 1, 20X0 to January 1, 20X1 Online Part B - Medical Payments $500 each person $10 $18 Part C Uninsured Motorists Bodily Injury $25,000 each person $50,000 each accident $190 $218 Property Damage $15,000 each accident $26 $30 Part D-Coverage for Damage to Your Auto Collision Actual Cash Value less $250 deductible $365 $342 Comprehensive Actual Cash Value less $100 deductible $402 $348 Please review your policy for Special Limits of Liability and Additional Coverages that may apply. Information Used to Rate Your Policy Discounts Safe Driver Discount 5 Years Accident and Violation Free Multi-Policy Discount Multi-Car Discount Paid in Full Discount Good Payer Discount Continuous Insurance Discount Early Quote Discount Drivers Date of Birth Gender Marital Status 1. SALLY 12-17-19XX Female Married 2. CHUCK 06-09-19XX Male Married 3. CHARLES, JR 06-05-20XX Male Single Driver Type Licensed Licensed Licensed Vehicles 1. BMW X5 2. FORD F-150 XL 2D Use of Vehicle Commute Commute Mileage 5,060 60,163 Location of Vehicle ANYWHERE, XL ANYWHERE, XL Total Premium for the policy period The policy period is from January 1, 20x0 at 12:01 A.M. STANDARD TIME to January 1, 20X1 at 12:01 A.M. STANDARD TIME at the residence premises. Your Vehicles Identification Numbers (VIN) Premium 1. BMW X5 WBADE632175034024 $1,416 2. FORD F-150 XL 2D 1FTLP62W4XH128703 $1,425 Total Premium for this Policy: This is not a bill. You will be billed separately. $2,841.00 Insurance is provided only where a premium entry is shown for the coverage. The premium entry "Inci" or "Pkg" means the premium charge is included in the premium for another coverage or a package Loss Payee True Blue Bank & Trust 456 Main Street Anywhere, XL 56789 VEHICLE 2 FORD F150 Coverages, Limits of Liability and Premiums VEHICLE 1 BMW X5 Part A Liability Bodily Injury $25,000 each person $50,000 each accident $218 Property Damage $15,000 each accident $205 $469 $260 AL-12345 SM (08-19) Insured Copy Page D-1 Named Insured SALLY JONES Policy Number 600789 1239 Policy Period January 1, 20X0 to January 1, 20X1 Online Part B - Medical Payments $500 each person $10 $18 Part C Uninsured Motorists Bodily Injury $25,000 each person $50,000 each accident $190 $218 Property Damage $15,000 each accident $26 $30 Part D-Coverage for Damage to Your Auto Collision Actual Cash Value less $250 deductible $365 $342 Comprehensive Actual Cash Value less $100 deductible $402 $348 Please review your policy for Special Limits of Liability and Additional Coverages that may apply. Information Used to Rate Your Policy Discounts Safe Driver Discount 5 Years Accident and Violation Free Multi-Policy Discount Multi-Car Discount Paid in Full Discount Good Payer Discount Continuous Insurance Discount Early Quote Discount Drivers Date of Birth Gender Marital Status 1. SALLY 12-17-19XX Female Married 2. CHUCK 06-09-19XX Male Married 3. CHARLES, JR 06-05-20XX Male Single Driver Type Licensed Licensed Licensed Vehicles 1. BMW X5 2. FORD F-150 XL 2D Use of Vehicle Commute Commute Mileage 5,060 60,163 Location of Vehicle ANYWHERE, XL ANYWHERE, XL