The detached garage at Matt's house suffered serious damage when a tornado came very close to the structure. The damage estimate is $18,000 to repair the garage, but the replacement cost of the garage is $20,000. Matt has a Coverage A limit of $150,000 for his home. What will the insurer pay for the repairs to Matt's garage? Because Matt is adequately insured to meet the insurance-to-value ratio, his insurer will cover the entire cost of repairs. Because Matt is not adequately insured to meet the insurance-to-value ratio, his insurer will cover up 10% of the Schedule A limits in making repairs. Because Matt is adequately insured to meet the insurance-to-value ratio, his insurer will cover up to the replacement cost in repairs. Matt does not have adequate coverage to meet the insurance-to-value ratio, so he will receive something less than the cost to repair the garage