Most home insurance policies cover jewellery and silverware for a limited amount unless items are covered...

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Most home insurance policies cover jewellery and silverware for a limited amount unless items are covered with additional insurance via an umbrella plan. If $17,500 worth of jewellery and $3,750 worth of silverware were stolen from a family. Assume the standard limit is $2,500 (jewellery) and $3,500 (silverware). a. What amount of the claim would not be covered by insurance? (Omit the "$" sign in your response.) Amount not covered Most home insurance policies cover jewellery and silverware for a limited amount unless items are covered with additional insurance via an umbrella plan. If $17,500 worth of jewellery and $3,750 worth of silverware were stolen from a family. Assume the standard limit is $2,500 (jewellery) and $3,500 (silverware). a. What amount of the claim would not be covered by insurance? (Omit the "$" sign in your response.) Amount not covered

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The amount not covered by insurance for the stolen jewelry and ... View the full answer