Question Completion Status: QUESTION 1 Assume that your home has a replacement cost of $300,000. You have insurance on the home of $180,000. You suffer a covered loss of $50,000 (valued at replacement cost). How much of this loss will you be forced to bear? a. $0 b.$12,500 C. $37,500 d. $50,000 QUESTION 2 Assume you are leaving a barbecue one evening and back into the corner of someone's house, doing damage to both the host's dwelling and your automobile. How will the ensuing claim be handled by your insurance policy? . Collision coverage will cover the damage to your car; property damage liability will cover the damage to the house ob. Comprehensive coverage will cover the damage to your car, property damage liability will cover the damage to the house Collision coverage will cover the damage to both your car and the house Collision coverage will cover the damage to your car; the homeowner's policy will cover damages incurred on their home