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Assume that Sandra Rice owns a HO-3 policy for his home. The limits set in his policy are provided below:

Type	Coverage A	Coverage B	Coverage C	Coverage D	Coverage E	Coverage F
Limit	$120,000	$12,000	$60,000	$24,000	$100,000	$5,000

A $350 deductible applies to Section 1, Coverages A, B, and/or C. The replacement cost of Sandras home is $130,000, the contents are valued at $70,000, and the home is 30 percent depreciated. Compute the amount that Sandra will collect in each of the following circumstances and assume that each event occurs independently. Note: a deductible will only apply if losses are less than the coverage limit.

1) A storm ripped through Sandra's neighborhood, destroying her house and all of her belongings. Rebuilding the house will take six months, and Sandra will have to pay an additional $15,000 in living expenses during that time.

Coverage A	$120,000
Coverage B	$12,000
Coverage C	$60,000
Coverage D	$24,000
Coverage E	$100,000
Coverage F	$5,000

Home replacement value
Insurance to value ratio
Dwelling limit
Dwelling loss
Personal property limit
Personal property loss
Loss of use limit
Loss of use expense
Deductible
Does deductible apply (yes/no)
Total collected

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