ween egy Instructions * Appropriate evidences should be given for case analysis individual * The report should contain uncluttered table of content and references * Cover page should be well-ordered and must convey all relevant information * Copy from each other is strictly forbidden. * Submission date will be at the time final exam * For one group member is not exceed than six student Section]: Insurance case Application Refer legal principle of insurance and risk handling tools to analyze the following cases 1. Alemayehu is a senior College student He owns car that has a market value of 750000 birr. He also has different personal properties in his rent home. He wears disposable contact lenses which costs him 1000 every year. Moreover, he runs every day for 35 minutes in nearby public park that that a track record of being dangerous because of drug dealers and purse-snatchings. His parents are working to support his tuition fee. If Alemayehu potentially the following risk, which risk handling tools will be the appropriate ? Explain your answer appropriately A. Physical damage to his car because of collusion with an other car B. Liability lawsuit against him because of negligent operation of his car ymon . Total loss of his personal properties because of fire . Disappearance of his disposable contact lenses Physical assault on Alemayehu by drug dealers in the area where he runs Mr. Mohammed a book dealer who purchased a building from Mr. John. Mr. Mohammed obtained a loan from Awash Intemational Bank to purchase building which held a mortgage on building. Mr. Mohammed planned to store his inventory of books in the building. He also planned to use part of the building for a fast food restaurant. When Mr. Mohammed applied for property of insurance on the buildings, he did not tell the insurer about the fast food restaurant because the premium would be substantially higher. Eight month after the policy was issued, a fire occurred in the restaurant that caused substantial damage to the building. . Do the following parties have an insurable interest in the building at the time of loss? Explain your answer: i. Mr. Mohammad ii, Mr. John iii. Awash International Bank . Mr. Mohammad told to Mr. John could save money by taking over his insurance instead of purchasing new policy. Can Mr. John validly assign his existing property insurance policy to Mr. Mohammed? Explain your answer and support your argument with appropriate evidence. . Could Mr. Mohammad's insures deny coverage for the fire loss based on material concealment? . Investigation of the fire revealed that an electrician improperly wired an electrical outlet in the restaurant which caused the fire. Can subrogation right be exercise? If it is no explain