1. Please consider a fire policy.

Sum insured for the building: 300.000 and the contents : 500.000

The covers provided are fire and flood.

It is a commercial risk

You have the choise either %20 coinsurance with the insured or %10 limitation in the policy.

Which one would you prefer? Please write your choise with its reasoning.

2) Please consider that there are some electronics and machinery to add into the policy. Please write down which questions would be in a proposal form related to these risks.

3)The fire policy is issued with limitation %5, deductible %2 and coinsurance with the insured %20. Assume that there is a small fire, it effected only the building. The estimated damages are 45.000. Please explain if, how and when those special conditions are applied in order.

Risk management and insurance !