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1. Barry claimed for damages from his Insurer after a recent break in to his home and consequent theft. He suffered a loss of R5000.

1. Barry claimed for damages from his Insurer after a recent break in to his home and consequent theft. He suffered a loss of R5000. Barry complained to you, his advisor, that the Insurer handled the claim extremely poorly and that he would like to cancel the policy. He only recently entered into the policy according to his words: probably more than a month, round about a month, maybe 2 months ago. Barry confirms that he does not expect any damages to be paid as a result of the theft. He merely want to ensure his voice is heard. He enquires what the status quo / next steps are regarding what to do given the aforementioned. Choose the correct statement. a. You would need to ascertain when the policy was entered into as a waiting period may apply. b. You would need to ascertain when the policy was entered into as the policy can only be cancelled within the 5 day cooling off period after policy inception date. c. You would need to ascertain when the policy was entered into as the policy can only be cancelled within 6 months of policy inception date. d. You would need to ascertain when the policy was entered into as the policy can only be cancelled within 30 days after the inception of the policy and all premiums will be refunded to Barry without question. e. None of the above

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