Question: Hi, please could you answer the below? Using UK law and referring to case law? Many thanks :) Guestlon 7 - Leamlng Outcome 8 (20

Hi, please could you answer the below? Using UK law and referring to case law? Many thanks :)

Hi, please could you answer the below? Using UK law and referring

Guestlon 7 - Leamlng Outcome 8 (20 marks) You are a loss adjuster. appointed by an lnsu rer. One of the insurer's policyholders. Jamlla. has 3 buildings and contents policy covering her home and a marine policy covering her yacht moored in a nearby marina. The building is insured for a value of up to 500,000 and the contents are insured for E75000. The sum insured for the yacht is 200.000. There is also a separate policy covering a painting. insured on an agreed value basis for 125.000. A recent storm has occurred and Jamila has submitted claims to her insurer. You report the following: - The yacht was extensively damaged and is considered to be beyond repair. - The roof of Jamila's home sustained structural damage causing water leakage. - The painting was damaged by water. - A clock has been destroyed In your report. you advise that, the rebuild value for Jamila's home is inadequate and should have been insured for 65 0.00 0. You have also reported that the roof was in a poor state of repair prior to the storm. Jamlla has informed you that the destroyed clock was extremely valuable to her for sentimental reasons. (a) Explain the basis of indemnity for the settlement of the claim for the yacht. (5} (b) Explain the basis of indemnity and method of settlement for the roof. Refer to one relevant case in support of your explanation. (6) to) Explain the basis of indemnity and method of settlement for the painting- Refer to one relevant case in sumo\" ol'your emanation. (6) (d) E): plain briefly, the basis of indemnity for the settlement of the claim for die clock. (3)

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