Most home insurance policies cover jewelry for $1860 and silverware for $2740 unless items are covered with additional insurance

Most home insurance policies cover jewelry for $1860 and silverware for $2740 unless items are covered with additional insurance.

If $4920 worth of jewelry and $5010 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?

Expert Solution

The amount of claim that will not be covered by insurance will be:

= (4920 - 1860) + (5010 - 2740)

= $3,060 + $2,270

= $5,330

jeff jeffy answered 2 years ago

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