Question

In: Finance

Suppose you own a successful solar energy power generation company, which has made you the 3rd...

Suppose you own a successful solar energy power generation company, which has made you the 3rd richest person alive. Your net worth is $52,300 million USD. Based on this scenario, answer the following questions from the perspective of Risk Theory. Justify your answers:

(a) Would you hire a $20,750 million USD life insurance?

(b) Would you hire a health insurance with an unlimited sum insured?

(c) Would you hire a full coverage insurance for your $450 million dolar Ferrari?

(d) Would you hire  a fire insurance for your $5,200 million dolar Solar Cell Manufacturing Facility?

Any help will be appreciated, thanks.

Solutions

Expert Solution

Me as a 3rd richest person alive due to solar energy power generation company obviously would like to secure my company.

So, I will definitely go for fire insurance for my $5200 million dollar solar cell manufacturing facility. This will help me to secure my manufacturing plant.

Thereafter I would choose life insurance for myself.

Rest options for car insurance, less importance should be given.

jeff jeffy answered 2 years ago
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