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Assignment #4 i Saved Problem 8-1 Calculating Property Loss Claim Coverage [LO3] 3 Most home insurance policies cover jewellery and silverware for a limited amount unless items are covered with additional insurance via an umbrella plan. If $12,500 worth of jewellery and $4,250 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 $ b. This part of the question is not part of your Connect assignment. 2 points References