You have homeowners insurance on your home for $$400,000$ and the house is appraised at $$400,000.$ Your house catches fire and you sustain $$50,000$ of damage. The fire spread to a workshop that is located $30$ feet from the main structure. You use this workshop for your landscape business and you store lawnmowers and other equipment in it$.$ The damage to the workshop is $$2000.$ What parts of Section $1$ of the insurance contract apply and how much will the insurance company pay?