Alfred lost his 3-year-old camera- It cost him $200 three years ago and had a life expectancy of 6 years- Alfred has actual cash value insurance on this camera, which means his insurance company will issue him a check for ________ for his loss- A new camera costs $150.

Property insurance protects the structure of your home (dwelling coverage) and your belongings (personal property coverage). 
Personal liability coverage protects you if you're legally responsible for damage to someone's property, or if you accidentally injure someone whether you're at home or away from it.