Problem 8-2 Computing Actual Cash Value Coverage [LO3] What amount would a person with actual cash value (ACV) coverage receive for one-year-old furniture destroyed by a fire? The furniture cost $2,560 originally but would cost $5,120 to replace today and had an estimated life of four years. (Omit the "$" sign in your response.) Actual cash value $ LO 5 2 points References Problem 8-1 Calculating Property Loss Claim Coverage [LO3] Most home insurance policies cover jewellery and silverware for a limited amount unless items are covered with additiona insurance via an umbrella plan. If $10,500 worth of jewellery and $4,450 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