Question: 1. 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?
2 .Survey friends and relatives to determine the types of insurance coverages they have. Also, obtain information about the process used to select these coverages.