Assignment:
Duke is a college senior who is majoring in marketing. He owns a high-mileage 2010 Range Rover Sport that has a current market value of $15,000. The current replacement value of his clothes, an 88 inch Samsung Curved 4K SUHD TV, BlueRay DVD player, home theater system with Hart Audio D&W Aural Pleasure speakers, AirPods, Iphone, Ipad, Lenovo laptop computer, jewelry and other personal property in a rented apartment totals $5,125,585. He uses disposable contact lenses, which cost $800 for a six-month supply. He also has a waterbed in his rented apartment that has leaked in the past. An avid runner, Duke funs five miles daily in a nearby public park that has the reputation of being extremely dangerous because of drug dealers, numerous assaults
For each of the following risks or loss exposures, identify an appropriate risk management technique that could have been used to deal with the exposure. Briefly explain your answer (a couple of sentences). List your answer and explanation below:
a. Physical damage to the Range Rover Sport because of a collision with another motorist.
b. Liability lawsuit against Duke arising out of the negligent operation of his car.
c. Total loss of his personal property because of a grease fire in the kitchen of his rented apartment.
d. Disappearance of one contact lens.
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.