Problem 8-1 Calculating Property Loss Claim Coverage [LO3] 3 Most home insurance policies cover jewellery and silverware

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Problem 8 1 Calculating Property Loss Claim Coverage Lo3 3 Most Home Insurance Policies Cover Jewellery And Silverware 1 (128.83 KiB) Viewed 30 times

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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 $16,000 worth of jewellery and $3,900 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 02:10:47 References