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You are a loss adjuster, appointed by an insurer

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You are a loss adjuster, appointed by an insurer. One of the insurer's policyholders, Jamila, has a buildings and contents policy covering her home and a marine policy covering her yacht moored in a nearby marina. The building is insured for a value of up to £500,000 and the contents are insured for £75,000. The sum insured for the yacht is £200,000. There is also a separate policy covering a painting, insured on an agreed value basis for £5,000. A recent storm has occurred and Jamila has submitted claims to her insurer. You report the following: • The yacht was extensively damaged and is considered to be beyond repair. • The roof of Jamila's home sustained structural damage causing water leakage. • The painting was damaged by water. • A clock has been destroyed In your report, you advise that, the rebuild value for Jamila's home is inadequate and should have been insured for £650,000. You have also reported that the roof was in a poor state of repair prior to the storm. Jamila has informed you that the destroyed clock was extremely valuable to her for sentimental reasons. (a) Explain the basis of indemnity for the settlement of the claim for the yacht. (5) (b) Explain the basis of indemnity and method of settlement for the roof. Refer to one relevant case in support of your explanation. (6) (c) Explain the basis of indemnity and method of settlement for the painting. Refer to one relevant case in support of your explanation. (6) (d) Explain briefly, the basis of indemnity for the settlement of the claim for the clock. (3) I would appreciate any answers with reference to UKcase law?