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1. calculating Property Loss Claim Coverage. Most home insurance policies cover jewelry for $1,000 and...

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Finance

1. calculating Property Loss Claim Coverage. Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $3,800 worth of jewelry and $2,800 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?

2.Computing Actual Cash Value Coverage. What amount would a person with actual cash value (ACV) coverage receive for two-year-old furniture destroyed by a fire? The furniture would cost $1,000 to replace today and had an estimated life of five years

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