Ms. A. Joan has a house on one acre of land in Linstead, St. Catherine. The house is a two bedroom, one bath and one kitchen and is 70% of the total property value. The house is made of concrete with tile roofing. The doors and windows are grilled. There is no proper fencing and no gate at the driveway. The total value of the property is $25m.

The insurance company offers a variety of coverage

Total property coverage = 90% of property value

Total house coverage = 60% of property value

Partial house coverage = 40% of property value

Roof coverage=20% of property value

Doors or windows=5% of property value

The cost to insure the property for its full value is $200,000.00 per annum.

You are an insurance agent task to speak to Ms. Joan Dallas. Based on the options above, use the risk management process to advice Ms. Dallas on the most suitable option/s. Give reasons for your answer. (NB Check list should identify at least 6 risks)

CONS. #	AREA	GRADE	Score
1.	Cover Page	2
2.	Checklist	3
3.	Flow chart	7
5.	Risk Matrix	5
4.	Onsite inspection	2
5.	Maximum Probable Loss	2
6.	Maximum Possible loss	2
7	Conclusion	4
8	Recommendation	1