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Most home insurance policies cover jewellery and silverware for a limited amount unless items are covered with additional insurance via an umbrella plan. If $17.500

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Most home insurance policies cover jewellery and silverware for a limited amount unless items are covered with additional insurance via an umbrella plan. If $17.500 worth of jewellery and $3,750 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 You are the sole wage earner in a "typical family," with $86,000 gross annual income. Use the income replacement method to determine how much life insurance you should carry. (Omit the "$" sign in your response.) Value of insurance

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