Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $4,500 worth of jewelry and $6,000 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance? Uncovered portion of claim What amount would a person with actual cash value coverage receive for two-year-old furniture destroyed by a fire? The furniture would cost $2,000 to replace today and had an estimated life of five years. Insurance payment What would it cost an insurance company to replace a family's personal property that originally cost $25,000? The replacement costs for the items have increased 15 percent. Replacement cost For each of the following situations, what amount would the insurance company pay? (Leave no cells blank - be certain to enter "0" wherever required.) a. Wind damage of $835; the insured has a deductible of $500. Insurance payment b. Theft of a stereo system worth $1,150; the insured has a deductible of $250. Insurance payment c. Vandalism that does $425 of damage to a home; the insured has a deductible of $500. Insurance payment Becky Fenton has 25/50/10 automobile insurance coverage. If two other people are awarded $35,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover? Insurance payment Kurt Simmons has 50/100/15 auto insurance coverage. One evening, he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $5,400, and damage to the store was $12,650 a. What amount will the insurance company pay for the damages? Insurance payment b. What amount will Kurt have to pay? Personal liability