The Thomson's house burned to the ground! They felt they were adequately covered (see coverage below). Their car (market value $10,000) was in the garage and totally destroyed. How much will the Thompsons be reimbursed for their home? Replacement Value of house $80,000 $60,000 ACV coverage on house $ 300 Deductible $80,000 $79,700 $63,700 $60,000 $59,700 Question 2 (1 point) Listen An automobile covered under a $20,000/S40,000/$20,000 policy with a $500 collision deductible is damaged in a collision with a fence. It could be repaired for $15,000, replacement cost is $25,000. How much will the insurance company pay? $24,500 $7,500 $15,000 $14,500 Some other amount