Michael is a college senior who is majoring in marketing. He owns a high-mileage 2005 Ford that has a current mar ket value of $2,500. The current replacement value of his clothes, television, stereo, cell phone, and other personal property in a rented apartment totals $10,000. He uses disposable contact lenses, which cost $200 for a six-month supply. He also has a waterbed in his rented apartment that has leaked in the past. An avid runner, Michael runs five miles daily in a nearby public park that has the reputa- tion of being extremely dangerous because of drug dealers, numerous assaults and muggings, and drive-by shootings. Michael'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 Explain your answer.

a. Physical damage to the 2005 Ford because of a col- lision with another motorist

b. Liability lawsuit against Michael arising out of the negligent operation of his car

c. Total loss of clothes, television, stereo, and personal property because of a grease fire in the kitchen of his rented apartment

d. Disappearance of one contact lens

e. Waterbed leak that causes property damage to the apartment

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

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