Macedon Insurance Ltd is a public limited company that specialises in insurance for home owners. The extract below gives details of its house and contents insurance policy. MACEDON INSURANCE LTD HOUSE AND CONTENTS INSURANCE POLICY The main risks covered are fire, theft, earthquake, storm, flood, oil leakage, burst water pipes and malicious damage. PLUS indemnity up to $2m for liability to members of the public for accidents. The main risks not covered are: 1. The first $200 of any loss. 2. Damage or theft caused by war or riot. Premium $10 for each $5000 of cover required. Failure to tell the truth puts your claims at risk. Fig. 3 Use Fig. 3 to help you to answer the following questions.