Amber has a Homeowners 3 policy. The dwelling is insured for $70,000 and the replacement cost of the home is $100,000. Indicate whether or not each of the following losses is covered. If possible, determine the dollar amount of the loss that will be covered by Amber's insurance policy. Clearly identify what section of the policy is controlling and why the event is either covered or not covered.
Amber is on vacation, and a thief breaks into her hotel and steals a suitcase containing jewelry appraised at $800 which is insured under a separate personal articles policy for $600, $300 cash, clothes with an actual cash value of $800, and a camera that Amber had borrowed from her neighbor that is worth $200.