-10.1.12 13 14 15 16 4. Mawa purchased a laptop two years ago that was recently stolen. A similar laptop computer today can be purchased for $1200. Assuming that the laptop was 40 percent depreciated at the time the theft occurred, what is the actual cash value of the loss? a S480 b. $720 c. $960 d. $1,200 5. The purpose of a deductible in insurance contracts is/are; a. Reduce the premium paid by the insured b. Eliminate small claims that cost too much for the insurer to process c. Reduce moral and attitudinal hazard d. All of the above Part III: Case Application and Written Answers (15 marks) (LON: A2, 31, 32, C2,DA) he 1. Karim is a financial advisor for a large private equity firm. From his yours of york accumulated some savings and wants to start his own business by building a hotel. He approached Ahli United Bank in order to secure a loan for his upcoming venture. With his equity and loan, he was able to purchase a land from Purple Bricks Realty and finance the construction of his project through signing an agreement with TKO Contractors to build the Hotel in Muharra 1. Determine the insurable interest in the project for the following parties; (...) i. Karim ii. Ahli United Bank iii. Purple Bricks Realty: iv. TKO Contractors