Mahela Jayawardane is a Sri Lankan poet who's renowned for his satirical pieces. A spinster for life without any children, Mahela 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. He's been receiving a handsome amount of monthly stipend from his parents for quite some time, although there's 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 Mahela's significant risks requiring insurance? Give specific reasons for your answer. (This is one of your short questions. You can only write half a page)