Case application #2 25 points (5 points for each correct answer)

Private insurance companies provide numerous coverages that individuals and families can use to meet specific loss situations. For each of the loss exposures listed below, identify the pure risk that each person faces and indicate the type of policy or coverage that would provide the desired insurance protection.

1. Emily, age 28, is a single parent with 2 dependent children. She wants to make certain that funds will be available for her children education if she dies prematurely.

2. Danielle, age 16, recently obtained her drivers license. Her parents want to make certain they are protected financially is Danielle negligently injures another motorist in an auto accident.

3. Jacob, age 30, is married with a mortgage and 2 dependents. He wants to be sure he has an income that will continue if he becomes totally disabled and unable to work.

4. Tyler, age 35, recently purchased a home for $200,000. The home is in an area of the country where windstorms and hurricanes frequently occur. He wants to be certain that funds are available if the house is damaged or destroyed by a hurricane.

5. Nathan owns an upscale furniture store. He wants to be protected if a customer is injured in the store and sues him for injuries and medical expenses.