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Sufficient Dwelling Coverage? Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for $ 1 9 2 ,

Sufficient Dwelling Coverage?
Colton Gentry of Lancaster, California, has owned his home for ten years. When he purchased it for $192,000, Colton bought a $140,000 homeowner's insurance policy. He still owns that policy, even though the replacement cost of the home is now $303,000.
a. If Colton suffered a $17,000 fire loss to the home, what percentage of the loss would be covered by his policy? Round your answer to one decimal place.
%
What dollar amount of the loss would be covered by his policy? Enter the amount of the loss as a positive number. Round your answer to the nearest dollar.
$
b. How much insurance on the home should Colton carry now to be fully reimbursed for a fire loss? Round your answer to the nearest dollar.
$
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