Risks associated with cyclone and storm activity, Risk Management

Assignment Help:

Part A

Glenda has taken a household insurance on her classic Queenslander home in North Queensland.  At the time of application, the insurer "URINSURED" asked numerous questions regarding the house including questions about the structure, location and existing damage. 

In response to these questions, Glenda responded that the house had no existing damage.  However, Glenda had previously claimed on a past policy on water damage sustained through cyclone activity. 

Ten months after obtaining the policy Glenda suffered damage to her roof resulting from a tree branch. 

 Required:

  1. Advise Glenda whether he will able to rely upon her insurance policy for relief.
  2. Assuming that the insurer "URINSURED" agrees to cover Glenda in the mentioned circumstances and Glen signs a release, Explain to Glen whether he will be able to make any future claims in relation to this incident under the insurance policy.
  3. Assuming the insurer knows about the inherent risks associated with cyclone and storm activity in Northern Queensland would the duty of disclosure still apply? 

 

 


Related Discussions:- Risks associated with cyclone and storm activity

Analyse the risks as well as suggested responses, Question: You work in...

Question: You work in one of the major commercial banks of the island and your institution is contemplating venturing into Internet banking in the near future. As the risk m

Stock exchange, what are the listing procedures for a company in internatio...

what are the listing procedures for a company in international stock exchange

Bankruptcy of lehman brothers, In its early stages, the financial crisis ma...

In its early stages, the financial crisis manifested itself as an acute liquidity shortage among financial intermediaries. In this phase, concerns over the solvency of the sophisti

Decide and adopt methods to manage the risk, There are 5 primary steps in a...

There are 5 primary steps in assessing risk in the workplace wrt to H&S, identify 3 and discuss the what actions should be taken to manage or negate the risks posed - The sect

Define the meaning of risk, Define the meaning of Risk  Risk can be de...

Define the meaning of Risk  Risk can be described as the probability that expected return from security won't materialize. Every investment involves uncertainties which make f

Explain the risk management strategies, Explain the Risk management strateg...

Explain the Risk management strategies Retain the risk If risk is small and won't affect company's profits, company does very little and lives with i

Display screen equipment risk assessment, Question 1: (a) Describe the ...

Question 1: (a) Describe the aspects that should be considered when assessing the fit between a person and his work. (b) Display Screen Equipment (DSE) risk assessment shoul

Request for your service.., I am a university student, and for a project as...

I am a university student, and for a project assignment to be completed, my team is going to write a business plan and a compliance Manuel for stock brokers and investment advisors

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd