Duke is a college senior who is majoring in marketing. He owns a high-mileage 2010 Range Rover Sport that has a current market value of $15,000. The current replacement value of his clothes, an 88 inch Samsung Curved 4K SUHD TV, BlueRay DVD player, home theater system with Hart Audio D&W Aural Pleasure speakers, AirPods, Iphone, Ipad, Lenovo laptop computer, jewelry and other personal property in a rented apartment totals $5,125,585. He uses disposable contact lenses, which cost $800 for a six-month supply. He also has a waterbed in his rented apartment that has leaked in the past. An avid runner, Duke funs five miles daily in a nearby public park that has the reputation of being extremely dangerous because of drug dealers, numerous assaults and muggings, and drive-by shootings. Duke’s parents both work to help him pay his tuition.

For each of the following risks or loss exposures, identify an appropriate risk management technique that could have been used to deal with the exposure. Briefly explain your answer (a couple of sentences). List your answer and explanation below:

e. Waterbed leak that causes property damage to the apartment

f. Physical assault on Duke by gang members who are dealing drugs in the park where he runs.

g. Loss of tuition assistance from Duke’s father who is killed by a drunk driver in an auto accident.