Jack Brown is a Hakiu poet whos renowned for his satirical pieces. A spinster for life without any children, Jack earned only SLR78,000 (equivalent to CAD$3,200) last year, however, he is the only son of his parents who run a multi million dollar sea-side resort in the outskirts of Colombo. Hes been receiving a handsome amount of monthly stipend from his parents for quite some time, although theres not much hope that they will leave him any significant lump sum amounts. He lives surrounded by a parrot, some gold fish, his books and his manuscripts and publications in a comfortable house in Colombo. What are Jacks significant risks requiring insurance? Give specific reasons for your answer.