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Question 5 Janice has recently renovated her shop, and she stores many premium handbags in a locked room at the back of the store.

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Question 5 Janice has recently renovated her shop, and she stores many premium handbags in a locked room at the back of the store. Janice is concerned as she has heard that criminal activity has drastically increased in the area. Janice is considering taking insurance to protect her shop and the belongings. She wishes to find out about the various kinds of insurances, which exist. 5.1 Discuss the TWO (2) types of insurances, which exist. (4 marks) 5.2 Furthermore, you are required to advise Janice as to which type of insurance is more suitable to her needs. (1 marks)

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