Business, 22.04.2020 03:34 demetriascott20
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? Show your work.
Answer from: cykopath
$ 3100 loss amount is not covered by insurance.
Explanation:
Amount not covered under insurance = Amount lost - Maximum Insurance Amount
For Jewellery : Jewellery lost - maximum jewellery amount cover = 3800 - 1000 = 2800 For Silverware : Silverware lost - maximum silverware amount cover = 2800 - 2500 = 300So, Total Amount loss not covered = Loss at jewellery + loss at silverware
= 2800 + 300 = $3100
Answer from: Quest
answer; descriptive statistics;
Answer from: Quest
answer; niosh, the national institute for occupational safety and health;
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Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are cov...
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